Personal details
Age: 44
Spouse’s/Partner's age: 45
Number and age of children: 2 aged 8 and 9
Income and expenditure
Annual gross income from employment or profession: 26k
Annual gross income of spouse: 31k
Monthly take-home pay: €4240
Type of employment: e.g. Civil Servant, PAYE
In general are you:
(a) spending more than you earn, or
(b) saving?
not saving just have enough
Summary of Assets and Liabilities
Family home worth €310k with a €50k home loan from credit union
Cash none
Defined Contribution pension fund: none
Company shares : none
Family home mortgage information
Lender: credit union
Interest rate: 4.3%
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate?
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant) 7 years
Monthly repayment: €512
Other borrowings – car loans/personal loans etc
car loan: €15200
personal loan €9970
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card? no credit card
Buy to let properties
Value: NA
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme? no
Do you own any investment or other property?no
Other information which might be relevant
Life insurance: cover with spouses job but this might change
What specific question do you have or what issues are of concern to you?
recently due to job changes we may not be able to continue to make our current repayments we are afraid of a judgement mortgage being placed on the family home. we have no savings no rainy day fund and we will have education costs in the future for third level. it is all very stressful im not sure where to start any advise would be great
Age: 44
Spouse’s/Partner's age: 45
Number and age of children: 2 aged 8 and 9
Income and expenditure
Annual gross income from employment or profession: 26k
Annual gross income of spouse: 31k
Monthly take-home pay: €4240
Type of employment: e.g. Civil Servant, PAYE
In general are you:
(a) spending more than you earn, or
(b) saving?
not saving just have enough
Summary of Assets and Liabilities
Family home worth €310k with a €50k home loan from credit union
Cash none
Defined Contribution pension fund: none
Company shares : none
Family home mortgage information
Lender: credit union
Interest rate: 4.3%
Type of interest rate: tracker, variable, fixed.
If fixed, what is the term remaining of the fixed rate?
If tracker, what is the margin e.g. ECB + 1%
Remaining term: (Original term is not relevant) 7 years
Monthly repayment: €512
Other borrowings – car loans/personal loans etc
car loan: €15200
personal loan €9970
Do you pay off your full credit card balance each month?
If not, what is the balance on your credit card? no credit card
Buy to let properties
Value: NA
Rental income per year:
Rough annual expenses other than mortgage interest :
Lender
Interest rate
If fixed, what is the term remaining of the fixed rate?
Other savings and investments:
Do you have a pension scheme? no
Do you own any investment or other property?no
Other information which might be relevant
Life insurance: cover with spouses job but this might change
What specific question do you have or what issues are of concern to you?
recently due to job changes we may not be able to continue to make our current repayments we are afraid of a judgement mortgage being placed on the family home. we have no savings no rainy day fund and we will have education costs in the future for third level. it is all very stressful im not sure where to start any advise would be great