Hi,
I have invested 20k in Solidarity Bonds back in 2012. Will get back 30K in 2022 (10k profit no dirt tax).
We are in the process of buiyng a house for 260k, sale agreed. Would have 130k cash towards the price ,if I pulled out of bonds now and loose the future profit, and would need to borrow 130k. Other option is to keep the bonds and borrow 150k instead. So, after 5 years, I would take that 30k off the loan.
have been approved in principal with BOI for 130K/ 25 years already. Fixed for 3 years @3.1%.
I know BOI is not favourite/best according to this forum. The problem is we were refused by AIB already based on our work contracts ( says long term full time = key word "permanent" isn't on it ).
Is it worth my while?
thanks!
I have invested 20k in Solidarity Bonds back in 2012. Will get back 30K in 2022 (10k profit no dirt tax).
We are in the process of buiyng a house for 260k, sale agreed. Would have 130k cash towards the price ,if I pulled out of bonds now and loose the future profit, and would need to borrow 130k. Other option is to keep the bonds and borrow 150k instead. So, after 5 years, I would take that 30k off the loan.
have been approved in principal with BOI for 130K/ 25 years already. Fixed for 3 years @3.1%.
I know BOI is not favourite/best according to this forum. The problem is we were refused by AIB already based on our work contracts ( says long term full time = key word "permanent" isn't on it ).
Is it worth my while?
thanks!