L
Lilysmammy
Guest
Age: 29
Spouse’s/Partner's age:29
Annual gross income from employment or profession: €36300
Annual gross income of spouse:€11000 ( FAS scheme)
Type of employment: State permanent
In general are you:
(a) spending more than you earn, or
(b) saving? Spending more or breaking even
Rough estimate of value of home 180.000
Amount outstanding on your mortgage: 85,000
What interest rate are you paying? 5.09% ( fixed till March 2010)
Other borrowings – car loans/personal loans etc Car Loan €296pm, personal loan €65pm. Farm loan €3300 every 6 monts
Do you pay off your full credit card balance each month? NO
If not, what is the balance on your credit card? €6000
Savings and investments:None
Do you have a pension scheme? Yes deducted from wages
Do you own any investment or other property? No
Ages of children: 15 months
Life insurance: linked to mortgage
What specific question do you have or what issues are of concern to you? My husband is a plasterer by trade but as we all know work is very scare.. he is on the local FAS scheme and is trying part time farming but to be honest the farming is not really working out...we are thinking of remortgaging by approx €40000 and clearing all loans & credit card. What do you think??
Spouse’s/Partner's age:29
Annual gross income from employment or profession: €36300
Annual gross income of spouse:€11000 ( FAS scheme)
Type of employment: State permanent
In general are you:
(a) spending more than you earn, or
(b) saving? Spending more or breaking even
Rough estimate of value of home 180.000
Amount outstanding on your mortgage: 85,000
What interest rate are you paying? 5.09% ( fixed till March 2010)
Other borrowings – car loans/personal loans etc Car Loan €296pm, personal loan €65pm. Farm loan €3300 every 6 monts
Do you pay off your full credit card balance each month? NO
If not, what is the balance on your credit card? €6000
Savings and investments:None
Do you have a pension scheme? Yes deducted from wages
Do you own any investment or other property? No
Ages of children: 15 months
Life insurance: linked to mortgage
What specific question do you have or what issues are of concern to you? My husband is a plasterer by trade but as we all know work is very scare.. he is on the local FAS scheme and is trying part time farming but to be honest the farming is not really working out...we are thinking of remortgaging by approx €40000 and clearing all loans & credit card. What do you think??