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Fenwayprk
Guest
Is it possible to change from variable repayments to interest only. What are the requirements or is it possible? When we originally bought our house 18 months ago it wasnt possible as my partner is not from the EU. Now that we are married would my wife be seen less as a risk by a bank or a mortgage broker. My wife previously lived in ireland and even though we are back in the states now has a work permit there that doesnt expire for another 12 months.
We are moving back to ireland in 2007 so are just thinking through all our options. We dont want to sell but with the exchange rate between the euro and the dollar it makes us strapped for cash every month. The rent we get only covers 62% of our mortgage repayments. So its either sell or look for a cheaper mortgage if possible. We want to keep the house but we cannot afford the mortgage esp if interest rates are going up in 2007.
The last time i called BOI and talked to our local mortage broker in Galway, she wasnt exactly friendly and offered little if any good advice.
We are moving back to ireland in 2007 so are just thinking through all our options. We dont want to sell but with the exchange rate between the euro and the dollar it makes us strapped for cash every month. The rent we get only covers 62% of our mortgage repayments. So its either sell or look for a cheaper mortgage if possible. We want to keep the house but we cannot afford the mortgage esp if interest rates are going up in 2007.
The last time i called BOI and talked to our local mortage broker in Galway, she wasnt exactly friendly and offered little if any good advice.