castronaught
New Member
- Messages
- 2
Personal details
Age: 40
Spouse’s/Partner's age: 37
Number and age of children: 2 & 3
Income and expenditure
Annual gross income from employment or profession: 140k + 75k equity
Annual gross income of spouse: 47000 (this is on half time)
Monthly take-home pay: 8400
Type of employment: PAYE full-time
In general are you: Saving
Summary of Assets and Liabilities
Family home worth €650k with a €190k mortgage
Cash of €46k
Defined Contribution pension fund: €50k
Company shares : €51k
Family home mortgage information
Lender PTSB
Interest rate 2.2%
If fixed, what is the term remaining of the fixed rate? 2 years
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Other information which might be relevant
Childcare of 1100 per month
Life insurance:
Employer pays 4x annual salary
What specific question do you have or what issues are of concern to you?
Hi gang, we are looking to move up the property ladder and take on a bigger mortgage of around 650k (current mortgage is 190k). Want to buy a house with no work needed that will suit us for life and are willing to spend more to get it. New monthly mortgage payment would be around 3000 which looks doable.
Concerned that this could push out potential early retirement as we've no interest in working forever. Also conscious of overextending ourselves, in case of economic downturns, long term illnesses, etc. Appreciate all help and advice!
Age: 40
Spouse’s/Partner's age: 37
Number and age of children: 2 & 3
Income and expenditure
Annual gross income from employment or profession: 140k + 75k equity
Annual gross income of spouse: 47000 (this is on half time)
Monthly take-home pay: 8400
Type of employment: PAYE full-time
In general are you: Saving
Summary of Assets and Liabilities
Family home worth €650k with a €190k mortgage
Cash of €46k
Defined Contribution pension fund: €50k
Company shares : €51k
Family home mortgage information
Lender PTSB
Interest rate 2.2%
If fixed, what is the term remaining of the fixed rate? 2 years
Other borrowings – car loans/personal loans etc
None
Do you pay off your full credit card balance each month?
Yes
Other information which might be relevant
Childcare of 1100 per month
Life insurance:
Employer pays 4x annual salary
What specific question do you have or what issues are of concern to you?
Hi gang, we are looking to move up the property ladder and take on a bigger mortgage of around 650k (current mortgage is 190k). Want to buy a house with no work needed that will suit us for life and are willing to spend more to get it. New monthly mortgage payment would be around 3000 which looks doable.
Concerned that this could push out potential early retirement as we've no interest in working forever. Also conscious of overextending ourselves, in case of economic downturns, long term illnesses, etc. Appreciate all help and advice!