A
areweoutofit
Guest
Age: 34
Spouse’s/Partner's age: 37
Annual gross income from employment or profession: €36000
Annual gross income of spouse: housewife, dole payment of €88 per week
Type of employment: e.g. travel agent fulltime
In general are you: YES spending more than I earn.
(a) spending more than you earn, or
(b) saving?
Rough estimate of value of home: € 265000
Amount outstanding on your mortgage: € 295000
What interest rate are you paying? 3. ??? but actually only agreed to paying reduce amount of €1000 per month, about €600 below what bank are needing per month. this agreenment runs out end of this month.
Other borrowings – Credit Union loan of about €20000, paying €500 per mth to that.
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? € 5100
Savings and investments: about €6000 in CU but thats stuck due to loan there.
Do you have a pension scheme? NO
Do you own any investment or other property? NO
Ages of children: 3yrs old, and a 2 month old
Life insurance: yes, included in mortgage payment, about 1200 for the year.
What specific question do you have or what issues are of concern to you?
Only found this website this week. Thankfully something to turn to.
Sorry to be vague but how the hell will we get out of this scenario. Wife cant get job as we have 2 young kids and living in dublin, creche fees are high if even she did. Already paying only €1000 on mortgage per mth, ptsb have reduced it to that for now, shoudl be paying €1600. Still cant survive on that. Ideally wud love to get rid of home and rent but wud probably only get €265000 for house that we owe bank €295000. no chance of job getting any better paid, lucky to have one I suppose. The CU repayment of €500 per month is crippling us but they wont reduce that at all. stuck with that for up to 5yrs.
Spouse’s/Partner's age: 37
Annual gross income from employment or profession: €36000
Annual gross income of spouse: housewife, dole payment of €88 per week
Type of employment: e.g. travel agent fulltime
In general are you: YES spending more than I earn.
(a) spending more than you earn, or
(b) saving?
Rough estimate of value of home: € 265000
Amount outstanding on your mortgage: € 295000
What interest rate are you paying? 3. ??? but actually only agreed to paying reduce amount of €1000 per month, about €600 below what bank are needing per month. this agreenment runs out end of this month.
Other borrowings – Credit Union loan of about €20000, paying €500 per mth to that.
Do you pay off your full credit card balance each month? No
If not, what is the balance on your credit card? € 5100
Savings and investments: about €6000 in CU but thats stuck due to loan there.
Do you have a pension scheme? NO
Do you own any investment or other property? NO
Ages of children: 3yrs old, and a 2 month old
Life insurance: yes, included in mortgage payment, about 1200 for the year.
What specific question do you have or what issues are of concern to you?
Only found this website this week. Thankfully something to turn to.
Sorry to be vague but how the hell will we get out of this scenario. Wife cant get job as we have 2 young kids and living in dublin, creche fees are high if even she did. Already paying only €1000 on mortgage per mth, ptsb have reduced it to that for now, shoudl be paying €1600. Still cant survive on that. Ideally wud love to get rid of home and rent but wud probably only get €265000 for house that we owe bank €295000. no chance of job getting any better paid, lucky to have one I suppose. The CU repayment of €500 per month is crippling us but they wont reduce that at all. stuck with that for up to 5yrs.