2 adults no dependant children
my salary €35,700
husband €3,400 per year occupational injury pension. Currently on invalidity pension which isn't counted as income for mortgage.
net monthly income is €2364
Selling house for 215k and outstanding mortgage of 150k
new smaller house 137k
savings of 30k
We hope to get a mortgage of 55-60k over 15 years in order to buy new house. LTV <50%
No credit card and no loans whatsoever. Never missed a payment on mortgage or life cover etc
Currently we pay ~€900 per month on mortgage
new house mortgage would be ~€400 per month
which is less than 20% of our income.
We are awaiting approval but am very anxious, what are our chances of approval ?
Thanks
my salary €35,700
husband €3,400 per year occupational injury pension. Currently on invalidity pension which isn't counted as income for mortgage.
net monthly income is €2364
Selling house for 215k and outstanding mortgage of 150k
new smaller house 137k
savings of 30k
We hope to get a mortgage of 55-60k over 15 years in order to buy new house. LTV <50%
No credit card and no loans whatsoever. Never missed a payment on mortgage or life cover etc
Currently we pay ~€900 per month on mortgage
new house mortgage would be ~€400 per month
which is less than 20% of our income.
We are awaiting approval but am very anxious, what are our chances of approval ?
Thanks