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Morgage question

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  • 13-07-2007 12:01pm
    #1
    Tim Robbins
    Registered Users Posts: 8,989 ✭✭✭


    Hi,
    Excuse my stupidy.
    I have a 21 years left on a 25 year morgage (ECB tracker).
    I am thinking of trading up in the next 2 years.
    Are my better off putting my savings off against my current morgage (so I owe less) or saving up as much as possible for the trade up.
    To trade up I will more than likely have to sell and close my current morgage and then with the profit use that as a basis for a deposit for a new place for which I will have to draw down a new (probably) 30 year morgage.
    Cheers


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    #2
    oxygen_old
    Closed Accounts Posts: 897 ✭✭✭oxygen_old


    Buddy, you would be better off asking on askaboutmoney.ie.
    Its like boards, but they know what there talking about. I got some good answers there


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