S
starangel
Guest
Hi guys,
Just wondering where I can get an Interest Only Mortgage for about 3 - 5 years?
Here is my situation at present:
Current Mortgage €233,000 - Rate Fixed until 2010 at 4.89% - Repayments are approximately €1,322 approx per month. Our house value at present is approx €330,000.
Ideally we would like to remortgage to get an extra €40,000 as I plan to go self employed and will not be making any money for approx 3-5 years and we wanted to have some money there to make to help out with the mortgage repayments and if things got a bit tight.
We have already asked our currently lender to go interest only, and they have refused - no explanation given - I didn't tell them about the self employment thing either. We have an excellent credit history.
What do I do and who does these types of mortgages? Should I switch mortgages completely or stay with current provider? Any advice would be greatly appreciated.
Currently my salary is €50,000 and my spouse is €40,000.
Thanks in advance
Star
Just wondering where I can get an Interest Only Mortgage for about 3 - 5 years?
Here is my situation at present:
Current Mortgage €233,000 - Rate Fixed until 2010 at 4.89% - Repayments are approximately €1,322 approx per month. Our house value at present is approx €330,000.
Ideally we would like to remortgage to get an extra €40,000 as I plan to go self employed and will not be making any money for approx 3-5 years and we wanted to have some money there to make to help out with the mortgage repayments and if things got a bit tight.
We have already asked our currently lender to go interest only, and they have refused - no explanation given - I didn't tell them about the self employment thing either. We have an excellent credit history.
What do I do and who does these types of mortgages? Should I switch mortgages completely or stay with current provider? Any advice would be greatly appreciated.
Currently my salary is €50,000 and my spouse is €40,000.
Thanks in advance
Star