I applied for a loan and was successful in getting it. The thought at first terrified me to the core, we had got ourselves into a ridiculous amount of debt when we were younger and clueless, to the point we had to re-mortgage and then our mortgage was through the roof ( no pun intended ). We're talking an original amount of around £190k to £270k. It was killing us. We made the decision that whilst the market had recovered enough, we should get our house on the market for it's top worth and move further up the map to get more for our money and pay off our debts.
We did just that and were very lucky to get full whack for our house and managed to pay off every single bit of debt we had and cut our new mortgage right in half. It is actually now less than we first ever started out with, huge relief.
So my natural instinct when my husband suggested applying for a loan to do this was panic, even though not a huge amount of money in comparison to debt before, it's still big enough to worry me but my husband made me see sense and to think of it as a positive investment in myself and our family. That in the long run, it would be the best decision we have ever made and that he has so much faith in my skill and ability that he knew it had success written all over it (god bless him!) and I think he's right. Who knows what the future holds, there are if's but's and maybe's throughout everything in life but it's your attitude in how to deal with it that's important. We made the decision to go for it and I don't regret it at all. Again, it makes me MORE determined that my business WILL succeed!!
I have invested in high end products, your comments and suggestions ring through my ears continuously, buy cheap buy twice etc etc. I would have been one of those bargain ebay hunters a few years ago but not now and not ever again :wink2: If you're going to do it, do it well xxxx
We did just that and were very lucky to get full whack for our house and managed to pay off every single bit of debt we had and cut our new mortgage right in half. It is actually now less than we first ever started out with, huge relief.
So my natural instinct when my husband suggested applying for a loan to do this was panic, even though not a huge amount of money in comparison to debt before, it's still big enough to worry me but my husband made me see sense and to think of it as a positive investment in myself and our family. That in the long run, it would be the best decision we have ever made and that he has so much faith in my skill and ability that he knew it had success written all over it (god bless him!) and I think he's right. Who knows what the future holds, there are if's but's and maybe's throughout everything in life but it's your attitude in how to deal with it that's important. We made the decision to go for it and I don't regret it at all. Again, it makes me MORE determined that my business WILL succeed!!
I have invested in high end products, your comments and suggestions ring through my ears continuously, buy cheap buy twice etc etc. I would have been one of those bargain ebay hunters a few years ago but not now and not ever again :wink2: If you're going to do it, do it well xxxx