Since 2007 there has been around a 50% increase in your property value!!! If you’ve been in the property market you would have gained from the increase in value.
Generally speaking this increase has been due to your ability to make mortgage payments and of course making the purchase decision when you did.
So a $400,000 property in 2007 is now worth $600,000. ( $200,000 capital gains )
How long would this capital last with a reduced or no Income?
Let us review your situation as of 2015 and make sure you have protected your assets.
