Other borrowings – car loans/personal loans etc
She has car loan of €10k
Do you pay off your full credit card balance each month?
I do,she owes about €3k
Will obviously pay off loan and credit card,leaving her with about €30k.
Is paying a lump off mortgage the best option?
ptsb is a very expensive lender. You got your cash back, but you will now be paying very high interest for the rest of your mortgage.Interest rate
3.25%.....enquired about break fee 2 months ago,was told it would be €0. Looking to switch when she gets this lump of roughly €45k from house sale
So should we just look for a mortgage thats 50k less....so we look for a mortgage for 168k (instead of 208k currently). I presume the repayments will be less then?
I would say it's hard/almost impossible to beat a pension in Ireland. What even comes close apart from paying off high interest credit card debt/pay day loan debt interest.J..L. Collins is writing from a US perspective.
Because of our tax code, I take the view that it rarely makes sense to invest outside of a pension wrapper while carrying debt - including mortgage debt.
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