Good afternoon,
I'm reading and reading and I'm lost as I don't know really where to start in my case.
Currently me and my husband have 14 years left ( from 17 ) on a 3.20% fixed rate mortgage with BOI with €117,000 remaining on a house worth €165,000 We borrowed €140.000 in July 2017.
WE:
- do not overpay our mortgage.
- do not have much savings ( €5000)
- are 42 and 52 years of age. Only I contribute to pension, not from long ago ( €7000, I'm 42)
- Our income is €75.000 gross,
We took this mortgage as a last call, with savings we had that time and age limit of my husband. Looks like overall we are not in the worst position but not in the best, so I would ask you how at least mortgage could stay secured for another few years?
We are thinking rather to stay on fixed rate, as BOI variable rate we have on loan offer would be 4.45%...Plus I would really like to re-pay at least 10% each month.
What should I write to BOI to get extension with fixed and best possible rate? Are the banks even do that to their customers?
If BOI want offer any friendly rates, what would be next step? Will I pay a lot for re-mortgage?
Well, finishing my 4th day of 12 hour shift soon, but I hope I will get good advice from yous and a nice, safe break with my family.
All the best. Stay safe.
Sabina
I'm reading and reading and I'm lost as I don't know really where to start in my case.
Currently me and my husband have 14 years left ( from 17 ) on a 3.20% fixed rate mortgage with BOI with €117,000 remaining on a house worth €165,000 We borrowed €140.000 in July 2017.
WE:
- do not overpay our mortgage.
- do not have much savings ( €5000)
- are 42 and 52 years of age. Only I contribute to pension, not from long ago ( €7000, I'm 42)
- Our income is €75.000 gross,
We took this mortgage as a last call, with savings we had that time and age limit of my husband. Looks like overall we are not in the worst position but not in the best, so I would ask you how at least mortgage could stay secured for another few years?
We are thinking rather to stay on fixed rate, as BOI variable rate we have on loan offer would be 4.45%...Plus I would really like to re-pay at least 10% each month.
What should I write to BOI to get extension with fixed and best possible rate? Are the banks even do that to their customers?
If BOI want offer any friendly rates, what would be next step? Will I pay a lot for re-mortgage?
Well, finishing my 4th day of 12 hour shift soon, but I hope I will get good advice from yous and a nice, safe break with my family.
All the best. Stay safe.
Sabina