Age: 32
Spouse’s/Partner's age: 32
Annual gross income from employment or profession: 53000
Annual gross income of spouse:52000
Type of employment: e.g. Civil Servant, self-employed
Teacher , Spouse Civil Engineer
In general are you spending more than you earn or are you saving? saving small amount
1000 per month jointly, about 30,000 in savings
Rough estimate of value of home 330,000
Amount outstanding on your mortgage: 330,000 interest only 30 years
Monthly repayments 1250 , monthly rental income 1400
Other borrowings – car loans/personal loans etc
Credit Union Loan 20000 Balance 15000 Monthly repayments 410
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 5000
Savings and investments:
Do you have a pension scheme? yes
Do you own any investment or other property? yes
Apartment Valued 270,000, Mortage balance 185,000 Repayments 930 monthly, Rent 1100
Holiday Home = purchased on family land
Valued 350,000 Mortgage 240,000 Repayments 1500 monthly, Rent approx 6000 a year
Farm Land, Valued 150,000 Mortgage 25000 Repayments 300 monthly
Ages of children: 1
Life insurance: None
What specific question do you have or what issues are of concern to you?
we recently moved due to job relocation, currently renting house at 1500 per month.
Child Care 850 per month.
spouse in danger of redundancy in next 2 months due to construction situation.
should we be looking at selling one or more of the properties or restructuring mortgages.now regret purchasing Holiday home as mortgage payments very high, along with monthly rent we are now paying.should we reroute 1000euro currently going to savings? would prefer to be incrasing this figure to savings though as amount in savings is low.
any feedback greatly appreciated
Spouse’s/Partner's age: 32
Annual gross income from employment or profession: 53000
Annual gross income of spouse:52000
Type of employment: e.g. Civil Servant, self-employed
Teacher , Spouse Civil Engineer
In general are you spending more than you earn or are you saving? saving small amount
1000 per month jointly, about 30,000 in savings
Rough estimate of value of home 330,000
Amount outstanding on your mortgage: 330,000 interest only 30 years
Monthly repayments 1250 , monthly rental income 1400
Other borrowings – car loans/personal loans etc
Credit Union Loan 20000 Balance 15000 Monthly repayments 410
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? 5000
Savings and investments:
Do you have a pension scheme? yes
Do you own any investment or other property? yes
Apartment Valued 270,000, Mortage balance 185,000 Repayments 930 monthly, Rent 1100
Holiday Home = purchased on family land
Valued 350,000 Mortgage 240,000 Repayments 1500 monthly, Rent approx 6000 a year
Farm Land, Valued 150,000 Mortgage 25000 Repayments 300 monthly
Ages of children: 1
Life insurance: None
What specific question do you have or what issues are of concern to you?
we recently moved due to job relocation, currently renting house at 1500 per month.
Child Care 850 per month.
spouse in danger of redundancy in next 2 months due to construction situation.
should we be looking at selling one or more of the properties or restructuring mortgages.now regret purchasing Holiday home as mortgage payments very high, along with monthly rent we are now paying.should we reroute 1000euro currently going to savings? would prefer to be incrasing this figure to savings though as amount in savings is low.
any feedback greatly appreciated