N
Neverblue
Guest
Age: 31
Spouse’s/Partner's age: 30
Annual gross income from employment or profession: €65k
Annual gross income of spouse: €65k
Rough estimate of value of home : Approx. €335k
Amount outstanding on your mortgage : €299k
What interest rate are you paying? tracker - ECB + 0.5%
Other borrowings – car loans/personal loans etc None
Do you pay off your full credit card balance each month? yes
If not, what is the balance on your credit card?
Savings and investments:
€151k
Do you have a pension scheme? yes
Specific question: We are hoping to buy a house within the next year, price range approx. €500k. It is looking unlikely that we can sell our current home so we are considering keeping it and renting it out. We have savings of €151k so we have decided to pay an extra €3,000 off our mortgage each month until we buy a new home. Is this the sensible option or should we be saving the €3,000 each month instead?
Thanks
Spouse’s/Partner's age: 30
Annual gross income from employment or profession: €65k
Annual gross income of spouse: €65k
Rough estimate of value of home : Approx. €335k
Amount outstanding on your mortgage : €299k
What interest rate are you paying? tracker - ECB + 0.5%
Other borrowings – car loans/personal loans etc None
Do you pay off your full credit card balance each month? yes
If not, what is the balance on your credit card?
Savings and investments:
€151k
Do you have a pension scheme? yes
Specific question: We are hoping to buy a house within the next year, price range approx. €500k. It is looking unlikely that we can sell our current home so we are considering keeping it and renting it out. We have savings of €151k so we have decided to pay an extra €3,000 off our mortgage each month until we buy a new home. Is this the sensible option or should we be saving the €3,000 each month instead?
Thanks