M
MissRibena
Guest
Hi all
I "own" a modern 1600 sq ft semi-d very close to the centre of a town. There is approx €55K left on my mortgage. I've been breaking my neck to get rid of it since I started it 5 years ago. For the last two years I have been keeping an eye out for a house out from town with a decent garden, hopefully with a bit of work to do (decoration rather than renovation). The house I've found is not where I want it exactly but to compensate for this, it's much cheaper than the mythical "ideal" and would mean that I would probably have little or no mortgage.
I haven't enjoyed having the debt and would be glad to feel free of it but I haven't really thought about what I'd do with the extra money every month and I don't know anybody who has done this. Everybody else seems to want to get bigger, more expensive houses and I'm wondering if I'm missing something. Would having no mortgage now be a false economy since I won't have a big house for a nest egg in a few years?
Thanks a mil
Rebecca
I "own" a modern 1600 sq ft semi-d very close to the centre of a town. There is approx €55K left on my mortgage. I've been breaking my neck to get rid of it since I started it 5 years ago. For the last two years I have been keeping an eye out for a house out from town with a decent garden, hopefully with a bit of work to do (decoration rather than renovation). The house I've found is not where I want it exactly but to compensate for this, it's much cheaper than the mythical "ideal" and would mean that I would probably have little or no mortgage.
I haven't enjoyed having the debt and would be glad to feel free of it but I haven't really thought about what I'd do with the extra money every month and I don't know anybody who has done this. Everybody else seems to want to get bigger, more expensive houses and I'm wondering if I'm missing something. Would having no mortgage now be a false economy since I won't have a big house for a nest egg in a few years?
Thanks a mil
Rebecca