re-negotiating longer term of morgage with bank

eyesgreen_1

Registered User
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hi all..I took a 30 year morgage out nearly 3 years ago...morgage amount was €182000...balance is now €177000..repayments are €861 per month..rental income is €580 per month leaving a shortfall of €280...thinking of trying to re-negotiate a longer term on my morgage with the bank so as to reduce the monthly repayments...wondering are the banks in general open to this and would it be a sensible idea...any advice on this would be much appreciated...thanks.
 
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