Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Negative equity

  • 01-10-2014 8:39am
    #1
    Adamtown
    Registered Users, Registered Users 2 Posts: 6 ✭


    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?


Comments

Advertisement