M
Mitten
Guest
I am an avid reader of this forum but this is my first time posting so please bear with me. I am looking for some financial advise as to what my best options are –
Current situation -
Joint Income - €70,000
Loan with BOI - €22,000 (car loan and student travel loans that have never gone away!)
Mortgage of 227,700 with AIB – the value of the property is currently €317,500.
Savings - €9,000 SSIA and approx €4,000 in saver accounts.
We are getting married soon and plan on using the SSIA and savings to cover the cost of this.
Our car is giving trouble and is looking like it will need to be re-placed €5,000 approx which I imagine we will need to top up our loan for.
My question is – would we be advised to top our loan up to €27,000 (incl car loan) and then add this to our mortgage, rather than paying it off monthly as we currently are?
All advise greatly appreciated!
Current situation -
Joint Income - €70,000
Loan with BOI - €22,000 (car loan and student travel loans that have never gone away!)
Mortgage of 227,700 with AIB – the value of the property is currently €317,500.
Savings - €9,000 SSIA and approx €4,000 in saver accounts.
We are getting married soon and plan on using the SSIA and savings to cover the cost of this.
Our car is giving trouble and is looking like it will need to be re-placed €5,000 approx which I imagine we will need to top up our loan for.
My question is – would we be advised to top our loan up to €27,000 (incl car loan) and then add this to our mortgage, rather than paying it off monthly as we currently are?
All advise greatly appreciated!