Looking for some advice -
I took a homeloan out to build a house 11 years ago. I currently owe 23,000. However the house is now worth at a minimum 350,000 and a maximum 420,000. I have recently borrowed 30,000 from a CU (8.3%). I am thinking that I would be better off consolidating my loans - this would work out much cheaper for me.
I currently have a homeloan with AIB (23,000 remaining).
Would I be better off topping up on this homeloan or remortgaging or releasing equity?
Also I borrowed the money to purchase a boat - would I be better off telling the bank that I need the money for home improvements?
Any advice would be greatly appreciated.
I took a homeloan out to build a house 11 years ago. I currently owe 23,000. However the house is now worth at a minimum 350,000 and a maximum 420,000. I have recently borrowed 30,000 from a CU (8.3%). I am thinking that I would be better off consolidating my loans - this would work out much cheaper for me.
I currently have a homeloan with AIB (23,000 remaining).
Would I be better off topping up on this homeloan or remortgaging or releasing equity?
Also I borrowed the money to purchase a boat - would I be better off telling the bank that I need the money for home improvements?
Any advice would be greatly appreciated.