Tough one. I would be more inclined to put extra into the home loan so it can be redrawn later when you need it. What concerns me with actually extending the mortgage is your ability to pay the higher repayment whilst on a reduced income. I doubt you bank will come to the party if they know you will be dropping an income.
Personally I wouldnt I would save as much as you can now. Studying nursing and our mid is stressful enought with placements, requirments etc without stressing re money also.
I did my nursing straight from highschool and when I did my mid i was living with DH who at that stage was a boyfriend, I had uni 2 days a week clinical 2 days a week and worked 3 days a week between 2 hospitals as 1 was permanent i cut down to 2 days a foirtnight and other was casual. I also worked 7 days a week in holidays to get extra money saved, at end of it had massive credit card that i took a loan out for to pay but as end of course i was working basiccly full time was paid off quickly. DH paid lots when i was studying.
Starting wages are not great by time I did mid and had been nursing for 4 years so was on a higher wage.
Good luck with it its well worth doing and a very good carreer just dont set yourself up for massive financial stress
Hmmm, Astrid you do have a very good point. I didn't think about the fact that the bank would want to know what the money was for and yes with a subsequent reduced income they probably would say a big fat nooo
Thanks for your input feeb. It makes sense. I just cant stop thinking about wanting to do the degree though. Especially because a uni close to me is offering BMid next year and it sounds awesome (only BMid course to teach cannualtion and suturing and also heaps of focus on hombirth and waterbirth etc) so I really really really want to do it. Doesn't help that I do not enjoy my current profession.
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