Would need to re-structure loans currently paying 1,600 a month on 40,000 and 500 on our mortgage we would like to buy a property in the US as prices so very low at moment, but can see a great rise moving in and difference in prices from 2 years ago- $217 now approx $89, we go over each year anyway and hope when we retire to spend a few months over there per year. Done the math’s on this and can cover payments if we restructured what we are currently paying think it would need to be on a second mortgage – don’t want to come off tracker for our house- but who is giving out mortages to Self –employed now?
Age: 45
Spouse’s/Partner's age: 48
Annual gross income from employment or profession: €45,000- new
business – 18months Annual gross income of spouse: €25,000
Type of employment: e.g. Civil Servant, self-employed [both self -employed]
In general are you:
(a) spending more than you earn, or way more- on
repayments not lifestyle
(b) saving?
Rough estimate of value of home 249,000
Amount outstanding on your mortgage: 88,000
What interest rate are you paying? 1.85% tracker
Other borrowings – car loans/personal loans etc p.Loan- 18,000
p.Loan -10,000
Do you pay off your full credit card balance each month? never
If not, what is the balance on your credit card? 12,000
Savings and investments: 3,000
Do you have a pension scheme? Partner does
Do you own any investment or other property? Pony – 10,000
Ages of children: 20/16
Life insurance: to the hilt way too much
would like-
FULL AND TOTAL OPTIONAL ASAP
MORTGAGE 88,000.00 IN PLACE WITH TRACKER
LOANS 40,000.00 40,000.00
WORK OUTSIDE 6,000.00 6,000.00
WORK INSIDE 3,000.00 3,000.00
CAR 24,000.00
HOUSE IN US 70,000.00 70,000.00
COLLEGE FEES DAUGHTER 20,000.00 NO IMMEDIATE NEED FOR 2yrs
Will buy car from business in 2010 so not immediate either -no car payments at present, am i mad to be looking at this - have worked hard and not a flash life style
Age: 45
Spouse’s/Partner's age: 48
Annual gross income from employment or profession: €45,000- new
business – 18months Annual gross income of spouse: €25,000
Type of employment: e.g. Civil Servant, self-employed [both self -employed]
In general are you:
(a) spending more than you earn, or way more- on
repayments not lifestyle
(b) saving?
Rough estimate of value of home 249,000
Amount outstanding on your mortgage: 88,000
What interest rate are you paying? 1.85% tracker
Other borrowings – car loans/personal loans etc p.Loan- 18,000
p.Loan -10,000
Do you pay off your full credit card balance each month? never
If not, what is the balance on your credit card? 12,000
Savings and investments: 3,000
Do you have a pension scheme? Partner does
Do you own any investment or other property? Pony – 10,000
Ages of children: 20/16
Life insurance: to the hilt way too much
would like-
FULL AND TOTAL OPTIONAL ASAP
MORTGAGE 88,000.00 IN PLACE WITH TRACKER
LOANS 40,000.00 40,000.00
WORK OUTSIDE 6,000.00 6,000.00
WORK INSIDE 3,000.00 3,000.00
CAR 24,000.00
HOUSE IN US 70,000.00 70,000.00
COLLEGE FEES DAUGHTER 20,000.00 NO IMMEDIATE NEED FOR 2yrs
Will buy car from business in 2010 so not immediate either -no car payments at present, am i mad to be looking at this - have worked hard and not a flash life style
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