M
McGinty
Guest
Not sure if this is the right forum but I'll ask anyway.
I currently have 2 mortgages:
Thanks in advance.
McGinty
I currently have 2 mortgages:
- €260,000 tracker variable mortgage (28yrs) on my primary residence
- €260,000 tracker interest only mortgage (17yrs) on an investment property
- Start to pay the extra €500 a month off the primary residence mortgage to reduce the number of years left.
- Start to pay the extra €500 a month off the investment property. Although this will reduce the monthly payment slightly, it does mean that I'll be paying more to the taxmen from the rental income. However, If I don't start to do something about this mortgage now, I'll still owe that €260,000 in 17yrs. Unfortunately, I am not in a position to switch to any other type of mortgage yet, so am stuck at interest only.
- Start to stick the money in a savings account.
Thanks in advance.
McGinty