L
Laaragh
Guest
Age: 36
Spouse’s/Partner's age: 36
net income from employment or profession: 3300/month
income of spouse: child benefit, but these go into savings for the children
Type of employment: private sector
In general are you spending more than you earn or are you saving? spending, though we live on the bare minimum
Rough estimate of value of home it's down at 460,000ish
Amount outstanding on your mortgage: 435,000
What interest rate are you paying? 5%
Other borrowings – mortgage on two investment properties - 270,000
Do you pay off your full credit card balance each month? yes
If not, what is the balance on your credit card?
Savings and investments: 98,000 in funds, from which we take 1000/month
Do you have a pension scheme? my wife had it via work, but stopped paying into it when she gave up work after our children were born
Do you own any investment or other property? two, one is currently rented for 1300/month the two properties are worth about 400,000
Ages of children: 1 year old twins
Life insurance: yes
What specific question do you have or what issues are of concern to you?
other outgoings:
home&mortgage insurances 110/month
car insurance/tax/petrol 300/month
VHI 140/month
Internet/mobils/TV licence 150/month
gas/electricity/waste 120/month
two investment properties have been up for sale for over a year and they are not selling, my wife cannot go back to work, as her salary would not pay the kids' creche fees. Our home would only sell with negative equity. what can we do to be able to get out of this everyday financial misery?
Spouse’s/Partner's age: 36
net income from employment or profession: 3300/month
income of spouse: child benefit, but these go into savings for the children
Type of employment: private sector
In general are you spending more than you earn or are you saving? spending, though we live on the bare minimum
Rough estimate of value of home it's down at 460,000ish
Amount outstanding on your mortgage: 435,000
What interest rate are you paying? 5%
Other borrowings – mortgage on two investment properties - 270,000
Do you pay off your full credit card balance each month? yes
If not, what is the balance on your credit card?
Savings and investments: 98,000 in funds, from which we take 1000/month
Do you have a pension scheme? my wife had it via work, but stopped paying into it when she gave up work after our children were born
Do you own any investment or other property? two, one is currently rented for 1300/month the two properties are worth about 400,000
Ages of children: 1 year old twins
Life insurance: yes
What specific question do you have or what issues are of concern to you?
other outgoings:
home&mortgage insurances 110/month
car insurance/tax/petrol 300/month
VHI 140/month
Internet/mobils/TV licence 150/month
gas/electricity/waste 120/month
two investment properties have been up for sale for over a year and they are not selling, my wife cannot go back to work, as her salary would not pay the kids' creche fees. Our home would only sell with negative equity. what can we do to be able to get out of this everyday financial misery?