I’m considering re-financing my mortgage and not too sure if its viable, perhaps the sum is too low or the current financial climate etc, I am not sure and would appreciate any advice.
My house [2008 price adjusted] value is 325k, the outstanding balance on my mortgage is 43k over the next 6 years [approx 670 euro per month]
I am looking to re-finance over 10 years and add an extra 17k for some home improvements etc.
My only other outgoings are
a car loan with 14k left to pay over the next three years.
i’ve no credit card bill
childcare costs of 1,000 per month
My cash flow is a bit too tight to take on another short term loan and I think I would rather re-finance the mortgage if possible.
Can anyone offer an opinion?
Would it be straightforward to re-finance?
Would there be a lot of fees to pay?
Thanks
My house [2008 price adjusted] value is 325k, the outstanding balance on my mortgage is 43k over the next 6 years [approx 670 euro per month]
I am looking to re-finance over 10 years and add an extra 17k for some home improvements etc.
My only other outgoings are
a car loan with 14k left to pay over the next three years.
i’ve no credit card bill
childcare costs of 1,000 per month
My cash flow is a bit too tight to take on another short term loan and I think I would rather re-finance the mortgage if possible.
Can anyone offer an opinion?
Would it be straightforward to re-finance?
Would there be a lot of fees to pay?
Thanks