Hi All
Just a small request for advice. My Aunt kindly gave me €15,000 this year, to help me onto the property ladder. I purchase a 3-bed duplex for €240,000, however with the €15,000, i only had to get a Mortgage of €225,000. I need to repay her this money , by next Sept, and i cant ask my credit union, as i borrowed €7,000 off them this year to get started with my decorating etc.. Now my house is finished. I keep up to date with all my repayments for the credit union loan, and my mortgage, as everything is just taken direct debit. However i still need to pay her back, and im thinking of Re-Mortgaging next Sept to pay her back. Do you think that this is a good idea? Or does anyone have any other ideas to raise this money.. Would i be a suitable candidate for re-mortgaging say 18 months into their 1st mortgage?? All answers welcomed. Thanks..
Just a small request for advice. My Aunt kindly gave me €15,000 this year, to help me onto the property ladder. I purchase a 3-bed duplex for €240,000, however with the €15,000, i only had to get a Mortgage of €225,000. I need to repay her this money , by next Sept, and i cant ask my credit union, as i borrowed €7,000 off them this year to get started with my decorating etc.. Now my house is finished. I keep up to date with all my repayments for the credit union loan, and my mortgage, as everything is just taken direct debit. However i still need to pay her back, and im thinking of Re-Mortgaging next Sept to pay her back. Do you think that this is a good idea? Or does anyone have any other ideas to raise this money.. Would i be a suitable candidate for re-mortgaging say 18 months into their 1st mortgage?? All answers welcomed. Thanks..