Question 1: If I wanted a mortgage for a house worth €300k, how much of a deposit would I need?If you are a first time buyer you will need €38,000 and if you are a home mover you will need €60,000. Come in and talk to us to find out more how much you can borrow and what your repayments might be.Review your finances and monthly budget to understand where you are spending your money. Open an interest-bearing account and set up a standing order to be debited from your account on pay day.
There are no penalties for clearing part or all of your mortgage early, provided you are on a variable rate of interest. There would be penalties should you clear your fixed rate mortgage early, these are outlined in the offer letter. However once your fixed rate has run its course, you can then clear the mortgage without penalty.It will depend on the size of your car loan repayments and the combined income. If possible it is probably best to do a bit of both.
If you are considering a fixed rate it really should be taken for budgetary reasons only, so you know that no matter what happens for the next 3, 5 or 7 years your mortgage repayment will stay the same..