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From: Kevin Fielding
with reference to the replies to my previous post - many thanks.
but i am a little confused.
Some advise that i can borrow enormous amounts of money to fund i.p. where others advise against this as i may not be able to service the loan.
with my income of $45,000 and an outstanding mortgage of $40,000, what would be my limit for a loan to fund an i.p.and still be able to live (wife earning $6,000 and two dependent children)?
your advice will be much appreciated,
Kevin
with reference to the replies to my previous post - many thanks.
but i am a little confused.
Some advise that i can borrow enormous amounts of money to fund i.p. where others advise against this as i may not be able to service the loan.
with my income of $45,000 and an outstanding mortgage of $40,000, what would be my limit for a loan to fund an i.p.and still be able to live (wife earning $6,000 and two dependent children)?
your advice will be much appreciated,
Kevin
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