Needtomove
Registered User
- Messages
- 23
save the €24k in a long term account we cannot touch until kids start college
Other borrowings – car loans/personal loans etc : Car loan PCP so think about 18k on car left
...
We are so tempted to sell..pay off our debt ( c union, car and Credit card...total €22k) have a nice family holiday abroad(5 years so far since last one)
A lot of people say something like the following:
My mortgage is costing me €1,000 a month, but the rent is €1,200 so it's profitable. But if they have €200k of equity in the house, they should factor in the return they could get on that equity.
Brendan
My income is €8,280 and my costs are €4,092, so I am making a profit of €4,118 per annum. They might go on to say, thats not a bad return on an investment of €50,000. In fact they might say it is an excellent return.
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