Hello there,

Thanks for taking your time to read this, I am from Nepal and my dad is ex British Gurkha. We are currently living in North west London. Well i know it’s in the blood of most of the older generation Gurkha’s (no disrespect) from Nepal who are mostly innocent and easily fooled and who don’t really think ahead as long as their family, friends and relatives are living peacefully in the presence.

I think now you kinda got an idea of what I am going to talk about from the title and the little introduction i gave above….Well my parents took a loan for a mortgage to buy a house in UK. My parents didn’t have any idea how bad taking loan was. (Well actually to be honest it’s over 80% of the people who take mortgage loan are in serious debt after doing some of my research). I am not going to say what the exact value of loan my parents got, but it’s somewhere between £100k to £200k……After telling my parents how much money they have to pay back to bank only in interest for over 20 years just to own a house….they kind of seem worried…hate to see my parents upset and worried!!!! (Gurkha’s blood starts to run violently in my veins) I think it’s natural for most of the generation of Gurkha’s when they see someone they love get disturbed like that……Don’t worry mom & dad your son is still here, will do best what I can……Later I gave them an idea how they can sell some properties in Nepal and bring the money here to pay the mortgage…..and so they agreed with me….

But I have got stuck in this point that…….Is it even legal or even allowed to bring those huge of sum of money to bring in UK? Wait before someone starts to think negative (money laundering) let me make clear that it’s the savings of my dad while he was serving for British Army for nearly 40 years….I know low pay and low pension blah blah blah….oh well that’s life, I don’t want to complain….I’ll just accept it, in fact I am grateful to them or else maybe I wouldn’t even be here…..Alright enough about the past and long story…let me just make it simple….

Does anyone know any service or company(well known) that can help us bring the huge amount of money legally and by cheapest and safest mean (kind of too much to ask…hehe cheapest and safest)…..so that my innocent parents can pay off their mortgage and live the debt free life…….. …….btw I call my parents innocent because after comparing the world I’ve seen….they’re just way too innocent….knows no lies or hate just want to live peacefully with family friends and neighbors…..

Thank you very much for taking your time to read this. Apologizes to them who thinks it’s inappropriate to write these things here….please do not leave any negative comment……Actually I just came to write the last sentence but I just couldn’t resist to tell how many other innocent people like my parents are in debt and may have similar thoughts….

Thanks once again.

I would like to pay it back in 4-5 years I rather sooner but I doubt I could afford the monthly payments if I pay it back sooner than 4 years. Which would I be better off with?

I only have 5000.00$ in debt this year for college but next year I will be getting an apartment because I will be going to school 40 mins away from home. So I figured next year will cost about the same 5000.00$ plus the costs for an apartment which will prob be about 10 grand for a place, food and other expenses. So I worked it out to being about 500$ a month for payments If I want to pay it off in 4 years. So would I be better with fixed 3.0% or floating at 0.5%?

I also need to take in consideration if something happens like my parents want me to move out i wont be able to pay 500$ a month plus rent for an apartment. So which would I be better with I’m going to try to put as much on it as possible after I get my diploma and can work but I don’t know if i can always put 500$ on it every month.
My min payment will be about 250$/month.
and next year I’m going to try and work part time so i can put money on my loan. This year I can’t work unless it’s under the table and I can’t find anything not even a babysitting job. If I work and it’s not under the table i’m scared I wont qualify for a big enough loan for next year to cover my tuition, and apartment. So im kind of trapped until next year unless an under the table job comes up.

Is it true that it’s cheaper to get a student line of credit from a bank? I know you have to start paying right away but it might be better than having to wait a year before i can get a job to start paying on my loan. any stories you have to share will be great thanks. and im located in Canada just if you need to know.

We are thinking about buying a static at a Park Resorts. The idea is that we’d live in it as much as possible (is it 10 months a year?). Paying off the loan would be cheaper than our rent and we’d have my parents home as backup.

Does anyone know if this is possible and if so what the pitfalls are? We don’t know how long the caravans last or what happens when they get really old.

I’m going to a really expensive school and my parents can’t help me out at all. I figured out how much I would need and then compared it to their calculated cost of attendance and it’s in excess. Are there any private student loans I can get for more then the cost of attendance?