The max age for BOI, ICS, Haven(for self employed applicants), Avant & Permanent TSB is 70 so you should be eligible for a 35 year term.would be 69 in Theory when the loan is fully repaid
Brendan's advice is to get the longest mortgage you can but to pay it off in a (much) shorter time frame. E.g., get a 30-year mortgage with the genuine intention of consistently overpaying in order to clear it within 20 years. That will save you a fortune in interest.Based on Brendan’s advice to spread your mortgage out over as long as possible I’m wondering what is the maximum age a borrower can be to get a 35 year term?
Try not to think of it this way. If you have spare cashflow you there may be better options for you like tax-relieved pension contributions or putting your kids through college.That will save you a fortune in interest.
That is true. A set of financial priorities that probably makes sense for a lot of people in Ireland is:Try not to think of it this way. If you have spare cashflow you there may be better options for you like tax-relieved pension contributions or putting your kids through college.
We got a thirty-year mortgage in our early thirties and for a while I thought it was like a millstone but in hindsight it gave flexibility when childcare was expensive.
- Overpaying your mortgage
Most lenders will advance a mortgage to you with a length of 70-current age. So if you are 50, they will advance a loan of up to 20 years. If you are 40, 30 years.What’s the maximum age aib will lend to?
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