QuoteReplyTopic: The man from the bank said.... Posted: 21 April 2008 at 10:17pm
YES - you can afford another baby!!!!!!
So that means in October we are 100% TTC
I was so happy I nearly cried
Only thing is that because #2 will be in daycare from 4 months (unavoidable) we can't do it without a lodger staying with us for about 2 years. A small price to pay I reckon!
Now I just have to hope we can actually get pregnant as Fertility Friend still says I haven't ovulated even though I have all the signs (except for the temps) say that my body is trying to or has already
so are you TTC now or in october? just confused because of the new ticker
Updated just for you Vanessa
Bobbie - we're with NZ Home Loans so the lovely man came over tonight and we had a play around with the figures Our options were to either borrow $50k (you only pay interest on that when/if you use it) or get a lodger. At first I was all for borrowing more against the house, but the whole reason we're with NZHL is to pay off our home loan faster. With the extra cash from the rent we're still on track to be home loan free in 7 years
really! we are on track to have ours paid off in 30yrs!!! do they work that all your income goes on the mortgage and you have like a credit card that you use for buying stuff which comes out of the mortgage?
Vanessa, we are the same. Once we are done with the kids thing then we will change ours to be paid off way faster but at the mo having a 30 yr mortgage is great when on one income!
Yay Toni! We will be ttc at the same time as you then
Woohoo! We the bank man! I am so stoked for you guys!
Maya Grace (28/02/03)
(02/01/06)
The Gremlins:Sienna Marie & Mercedes Kailah (14/10/06)
Lil miss:Chiara Louise Chloe (09/07/08)
Her ladyship:Rosalia Sophie Anais (18/06/12)
really! we are on track to have ours paid off in 30yrs!!! do they work that all your income goes on the mortgage and you have like a credit card that you use for buying stuff which comes out of the mortgage?
sorry toni....threadjack!
that's ok I hope I explain this properly - It's like having one big account that everything goes into, as interest is calculated on a daily basis it looks as though you have paid off a lot more of your loan than you actually have, therefore you pay less interest. We have always used our credit card for everything, then paid the whole amount off at the end of the month, this is the same, so you only have one time a month that you dip into your account money. We time it so that the credit card gets paid off the day the wages go in.
NZHL is similar to a revolving credit one, but you still have to ask to borrow more, they don't just let you get yourself into masses of debt.
We changed to NZHL because BNZ told us to borrow the market value of the house ($420k just to do up a kitchen and bathroom ) we only wanted $20k
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jack_&_charli wrote:
Our options were to either borrow $50k (you only pay interest on that when/if you use it) or get a lodger. At first I was all for borrowing more against the house, but the whole reason we're with NZHL is to pay off our home loan faster. With the extra cash from the rent we're still on track to be home loan free in 7 years 
(02/01/06)
