Hi there,
My hb and I have 18,000 in savings which we were planning to use as a deposit for a house. We are no longer as eager to buy a house at the moment as they are still dropping in price. We hope things will be clearer in the property market in about 6-12 months! We have a c.u. loan of 10,000 euro which we have been told is going up from 9.4% apr to 11.6% apr in the new year.
What I'm wondering is would we be better off just paying off the c.u. loan with our savings or should we hold on to savings in order to be in a position to buy when we want to which might be soon??
Any opinions greatly appreciated
My hb and I have 18,000 in savings which we were planning to use as a deposit for a house. We are no longer as eager to buy a house at the moment as they are still dropping in price. We hope things will be clearer in the property market in about 6-12 months! We have a c.u. loan of 10,000 euro which we have been told is going up from 9.4% apr to 11.6% apr in the new year.
What I'm wondering is would we be better off just paying off the c.u. loan with our savings or should we hold on to savings in order to be in a position to buy when we want to which might be soon??
Any opinions greatly appreciated