kimcam
22-02-2008, 16:29
Hi Andie,
Back in January I asked about refinancing and adding the credit cards onto our existing home loan. Well I went to bank (ANZ) and asked if we could put the credit cards onto the mortgage. We filled in an application form and I returned it to the bank on Monday. Unfortunately the bank will not lend us an extra $6000 as they said we did not have enough equity. Our house is valued at approx 240,000 and we have a split loan with 80% fixed and 20% on the standard variable. We owe approx 66069 on the variable and about 160000 on the fixed.
My DH credit card is over the limit by $900 and mine is just under the limit I think about $2800 and my DH is $2900. By the time we pay the mortgage each week of $355, fares $50, petrol $40, Shopping $150 including nappies. Then we have monthly expenses such as telephone/internet $110 and then Melaleuca $120 per month. As well as paying approx $100 on my DH credit card and the bare minimum on mine we are not getting anywhere. We also need a new car as we have an oil leak and a power steering fluid leak as well which will cost approx $2000 to repair.
My question how are we going to get ahead? What can we do. I can probably change my credit card over to a Bankwest which has 0% for 6 months. Any advice would be much appreciated. The bank also tried to get a personal loan but that was declined as well.
Kim
Back in January I asked about refinancing and adding the credit cards onto our existing home loan. Well I went to bank (ANZ) and asked if we could put the credit cards onto the mortgage. We filled in an application form and I returned it to the bank on Monday. Unfortunately the bank will not lend us an extra $6000 as they said we did not have enough equity. Our house is valued at approx 240,000 and we have a split loan with 80% fixed and 20% on the standard variable. We owe approx 66069 on the variable and about 160000 on the fixed.
My DH credit card is over the limit by $900 and mine is just under the limit I think about $2800 and my DH is $2900. By the time we pay the mortgage each week of $355, fares $50, petrol $40, Shopping $150 including nappies. Then we have monthly expenses such as telephone/internet $110 and then Melaleuca $120 per month. As well as paying approx $100 on my DH credit card and the bare minimum on mine we are not getting anywhere. We also need a new car as we have an oil leak and a power steering fluid leak as well which will cost approx $2000 to repair.
My question how are we going to get ahead? What can we do. I can probably change my credit card over to a Bankwest which has 0% for 6 months. Any advice would be much appreciated. The bank also tried to get a personal loan but that was declined as well.
Kim