T
Tester123
Guest
Age: 31
Partner's age: N/A
Annual gross income from employment or profession combined: 74K
Type of employment: US multinational
In general are you spending more than you earn or are you saving? Saving - Approx €900 PM
Rough estimate of value of home: N/A
Amount outstanding on your mortgage: No mortgage yet - €550 on Rent per month
What interest rate are you paying?
Other borrowings: Car loan, €14k remaining. 1.5 years in to a 5 year loan. Not sure of the interest rate - repayments of €350 per month
Do you pay off your full credit card balance each month? Yes
Savings and investments: €18k in Savings
Do you own any investment or other property? No
Ages of children: None -
Life insurance: Work insurance
Question:
I am a first time buyer considering getting on the property ladder in South County Dublin. I have savings of approx €18k and am saving approx €1000 per month. I have a car loan of €14k which I am paying back at €350 per month.
Do you think it is better to use my savings to clear the car loan and up my savings by the €350 per month.
Which does banks look on more favourable when looking for a Mortgage, savings for deposit or more disposable income to make repayments?
Partner's age: N/A
Annual gross income from employment or profession combined: 74K
Type of employment: US multinational
In general are you spending more than you earn or are you saving? Saving - Approx €900 PM
Rough estimate of value of home: N/A
Amount outstanding on your mortgage: No mortgage yet - €550 on Rent per month
What interest rate are you paying?
Other borrowings: Car loan, €14k remaining. 1.5 years in to a 5 year loan. Not sure of the interest rate - repayments of €350 per month
Do you pay off your full credit card balance each month? Yes
Savings and investments: €18k in Savings
Do you own any investment or other property? No
Ages of children: None -
Life insurance: Work insurance
Question:
I am a first time buyer considering getting on the property ladder in South County Dublin. I have savings of approx €18k and am saving approx €1000 per month. I have a car loan of €14k which I am paying back at €350 per month.
Do you think it is better to use my savings to clear the car loan and up my savings by the €350 per month.
Which does banks look on more favourable when looking for a Mortgage, savings for deposit or more disposable income to make repayments?
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