I have a house which i am renting, getting 800 a month and the tenant is 100% secure for a year.
Mortgage is 213000
Monthly mortage payments of 1090 Euros.
I am thinking of increasing the term of the mortgage to 33 years which will decrease my mortgage payments down to 867 per months.
Do you think this would be a good idea or has anyone got any observations about this.
Thanks
Mortgage is 213000
Monthly mortage payments of 1090 Euros.
I am thinking of increasing the term of the mortgage to 33 years which will decrease my mortgage payments down to 867 per months.
Do you think this would be a good idea or has anyone got any observations about this.
Thanks