I’ve always loved the idea of security/stability/not overstretching myself factoring in the, who knows what the future holds mantra!
The broker I have spoken to has different ideas!
Monthly in
€7,600 (net average over past 12 months, expect it to be a bit less over next 12 months)
Monthly out
€400 rent
€400 social (eating out/netflix/cinema)
€100 lunches
€65 Elec/heating/broadband
€8 prepay phone
€15 Netflix/YouTube Premium/Prime
Credit card limit €15k with nothing owed
Marital status single
Savings €270k
House prices are certainly rising
Mortgage broker has said it wouldn’t be financially prudent to use €270k to purchase circa €400k home
Instead, they have suggested working towards purchasing two homes, offsetting taxes owed on rental property profit against interest owed on mortgage.
I guess the security/mindset benefit of one home with low low mortgage hasn’t been factored in here!
So I’m curious to hear any and all advice/comments!
Thank you.
The broker I have spoken to has different ideas!
Monthly in
€7,600 (net average over past 12 months, expect it to be a bit less over next 12 months)
Monthly out
€400 rent
€400 social (eating out/netflix/cinema)
€100 lunches
€65 Elec/heating/broadband
€8 prepay phone
€15 Netflix/YouTube Premium/Prime
Credit card limit €15k with nothing owed
Marital status single
Savings €270k
House prices are certainly rising
Mortgage broker has said it wouldn’t be financially prudent to use €270k to purchase circa €400k home
Instead, they have suggested working towards purchasing two homes, offsetting taxes owed on rental property profit against interest owed on mortgage.
I guess the security/mindset benefit of one home with low low mortgage hasn’t been factored in here!
So I’m curious to hear any and all advice/comments!
Thank you.