08-09-2021, 07:51 PM
(08-09-2021, 06:39 PM)Neowise Wrote: Not sure why you'd have to be paying a mortgage before its drawn down against.
From the time between you selling, and the time before you draw down, you should have no mortgage, or if there is mortgage, it should be a hugely reduced one, as the moneys gotten from sale prices should go most of the way to wiping it out.
I mean the mortgage on the old place, but hopefully we've paid the last of that now. We had a few months of still paying that while renting too. Obviously some of that is equity, so we'll get it back, but a good whack was interest