Hi
In a bit of mess
Purchased Apartment for € 352k in August 2006
The apartments price now is still the cost that I paid in 06
30 year morgage ( 27 years left)
went interest only for the first three years
The interest only part is now over and the bank want to move it from € 1375 interest to € 1630 a month
After taking a 20% pay cut , this will be untold financial strain
How do I go about lowering it, can I shop around?
What should I be looking out for or will morgage lenders accept a switch?
Any help or advise would be appreciated
G
In a bit of mess
Purchased Apartment for € 352k in August 2006
The apartments price now is still the cost that I paid in 06
30 year morgage ( 27 years left)
went interest only for the first three years
The interest only part is now over and the bank want to move it from € 1375 interest to € 1630 a month
After taking a 20% pay cut , this will be untold financial strain
How do I go about lowering it, can I shop around?
What should I be looking out for or will morgage lenders accept a switch?
Any help or advise would be appreciated
G