HansGruber
Registered User
- Messages
- 6
This should almost be your question number 1.Also ideally we want to move to a larger house (c.€550k)
You need to keep enough cash to cover any planned expenditure, and for emergencies.How much should we look to pay off the mortgage in a lump sum?
No. Keep the contractual length the same, but then overpay each month. You're with AIB? I'm almost certain you can set up a standing order to overpay.Presume we should reduce the term also?
By paying down mortgage is best way to save for their education. Put the money in now, and you'll be able to afford education when you get to it as you'll have a reduced (or fully paid) mortgage.Should we then prioritise savings for kids future education, paying down mortgage or maxing pension AVC top-ups each year, or a combination?
Do you have a tracker rate? Is it not a normal LTV variable rate?- 1% would be added to tracker rate increasing payments by €60 monthly
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