Hi, This may have been covered already.
I have an apartment worth about €380K with a mortgage of €200K. I want to buy a family home for about €450K - €500k with girlfriend.
We have circa €20K in savings. No personal debt.
Should I sell and buy family home and have a smaller mortgage or refinance and hope rental income will cover the mortgage. I am in Dublin.
Alternatively as the market seems to have risen sharply in the last few months, should I sell,rent for a year and see what the market is like after a few more interest rate hikes.
Your advice would be appreciated.
I have an apartment worth about €380K with a mortgage of €200K. I want to buy a family home for about €450K - €500k with girlfriend.
We have circa €20K in savings. No personal debt.
Should I sell and buy family home and have a smaller mortgage or refinance and hope rental income will cover the mortgage. I am in Dublin.
Alternatively as the market seems to have risen sharply in the last few months, should I sell,rent for a year and see what the market is like after a few more interest rate hikes.
Your advice would be appreciated.