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Remortage advice?

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  • 20-02-2006 11:05am
    #1
    mathie
    Registered Users Posts: 5,102 ✭✭✭


    Hello,
    I own a house with my brother (an investment that we rent out) and we both also own a house that we live in with our respective wives.
    Now the mortgage left on the investment house is around 100,000 euro whereas we're both on around 400,000 mortgages on our own houses.
    We were told not to sell the investment property as its in a great location.
    Would it be a good idea to take some money out of the investment and work on our 100% mortgages?
    Cheers guys


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    #2
    gerrycollins
    Registered Users Posts: 1,799 ✭✭✭gerrycollins


    its really half a dozen of one and 6 of the other
    does the investment property have development potential?who told ye not to sell as its in a good location?all the more reason to sell for a decent price!
    any money made from the sale shoild not be put off your own mortages better use the money on other investments!


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