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Says I
Guest
Age: 32
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: ~120k
Annual gross income of spouse: N/A
Type of employment: Private, good job security
In general are you: (b) saving
Rough estimate of value of home: ~280k
Amount outstanding on your mortgage: ~300k
What interest rate are you paying? 4.5% variable
Other borrowings – car loans/personal loans etc : None
Do you pay off your full credit card balance each month? : Yes
Savings and investments: 100k (maxed out) NIB esaver @3%, 50k Rabo @2.4%, ~50k current accounts
Do you have a pension scheme? - yes, 15% monthly, all got nicked by the gubmint though.
Do you own any investment or other property? No.
Ages of children: None
Life insurance: Yep.
What specific question do you have or what issues are of concern to you?
It's reasonably likely I'll want to either move or alternate between Ireland and somewhere else in the next few years (job allows for it). I don't want to make specific plans. Repayments have gone 1200pm -> 1600pm in the last few years, and was looking at dropping some savings on the mortgage in order to lower repayments. Not too fussed about term, but I'd like to get repayments back down in order to be able to rent elsewhere as well as paying mortgage, etc.
However, repaying mortgage is boring, and I could also stay where I am and invest in property or otherwise (I know, bringing macroeconomics into it). Wanted to throw it out to people who keep up with the maths of personal finance moreso than I do (I'm probably making people cringe with my naivete, but I'm slowly emerging from a 20s spent on planes and working long hours and want to get my house (figuratively speaking) in order).
Any ideas?
Spouse’s/Partner's age: N/A
Annual gross income from employment or profession: ~120k
Annual gross income of spouse: N/A
Type of employment: Private, good job security
In general are you: (b) saving
Rough estimate of value of home: ~280k
Amount outstanding on your mortgage: ~300k
What interest rate are you paying? 4.5% variable
Other borrowings – car loans/personal loans etc : None
Do you pay off your full credit card balance each month? : Yes
Savings and investments: 100k (maxed out) NIB esaver @3%, 50k Rabo @2.4%, ~50k current accounts
Do you have a pension scheme? - yes, 15% monthly, all got nicked by the gubmint though.
Do you own any investment or other property? No.
Ages of children: None
Life insurance: Yep.
What specific question do you have or what issues are of concern to you?
It's reasonably likely I'll want to either move or alternate between Ireland and somewhere else in the next few years (job allows for it). I don't want to make specific plans. Repayments have gone 1200pm -> 1600pm in the last few years, and was looking at dropping some savings on the mortgage in order to lower repayments. Not too fussed about term, but I'd like to get repayments back down in order to be able to rent elsewhere as well as paying mortgage, etc.
However, repaying mortgage is boring, and I could also stay where I am and invest in property or otherwise (I know, bringing macroeconomics into it). Wanted to throw it out to people who keep up with the maths of personal finance moreso than I do (I'm probably making people cringe with my naivete, but I'm slowly emerging from a 20s spent on planes and working long hours and want to get my house (figuratively speaking) in order).
Any ideas?