In order to get my mortgage I took a loan out with the Credit Union.
This has meant that over the last two years I have monthly mortgage and credit union repayments (both are pretty similar amounts)
The mortgage is over 30 years (28 left) and the CU is over 5 years (3 left).
The house has increased in value by €100K and I still owe the CU €20K
Would it be wise to re-mortgage or release equity on the house to clear off the CU?
Any advice greatly appreciated!!!
This has meant that over the last two years I have monthly mortgage and credit union repayments (both are pretty similar amounts)
The mortgage is over 30 years (28 left) and the CU is over 5 years (3 left).
The house has increased in value by €100K and I still owe the CU €20K
Would it be wise to re-mortgage or release equity on the house to clear off the CU?
Any advice greatly appreciated!!!