Negative equity

Adamtown · 2014-10-01 08:39:28

I am 49. €530K mortgage on family home (valued about 550k) . Have another €430 K of investment property debt. Investment property is worth 240k and I am €25k behind on the mortage. Have €250K in pension. three children still in school. I am working – salary €68k, spouse stay at home mum. Have some credit card / credit…

01-10-2014 08:39AM

#1

Adamtown

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Join Date: September 2014

Posts: 3

I am 49. €530K mortgage on family home (valued about 550k) . Have another €430 K of investment property debt. Investment property is worth 240k and I am €25k behind on the mortage. Have €250K in pension. three children still in school. I am working – salary €68k, spouse stay at home mum. Have some credit card / credit union debt but that is being paid through MABS on a monthly nominal payment. Every euro not spent on household goes on servicing debt. We feel we cannot keep this up. Could I utilise the pension fund in some way ? Can I release any of my pension fund early?

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#2 01-10-2014 09:26AM

Boards.ie: Niamh

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Join Date: December 2010

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You could ask in the Banking & Pensions forum here: http://www.boards.ie/vbulletin/forumdisplay.php?f=544

How can I? User's guide to some features on the new site

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