I have 2 mortgages
PPR €225k @4.95%
Investment €290k @ 5.23%
I calculate that I can save a total of €3000 pa by
Reducing PPR to €112k and getting better rate of 4.5%
Increasing Investment to €401k at a reduced rate of 4.99%
€1000 of this saving is based on better rates and the rest based on a more tax efficent distribution of debt between investment and residence.
Any holes in this strategy??
PPR €225k @4.95%
Investment €290k @ 5.23%
I calculate that I can save a total of €3000 pa by
Reducing PPR to €112k and getting better rate of 4.5%
Increasing Investment to €401k at a reduced rate of 4.99%
€1000 of this saving is based on better rates and the rest based on a more tax efficent distribution of debt between investment and residence.
Any holes in this strategy??