![]() ![]() There are short-term and long-term alternative repayment arrangements. Lenders may offer slightly different alternative repayment arrangements. ![]() The CPPC has a mortgage rate change calculator to help you with this. The possibility of inheritances or other lump sums in the future.Future interest rates and the future value of your assets.For example, your children may need childcare now or may need support going to college in the future. But you can assess certain changes, for example, what level of interest rate increase you could manage. It may be difficult to forecast into the future. If future external changes will affect your ability to repay.What might change in your personal situation.To assess whether you can keep up payments for the remaining term of the mortgage, you need to consider: How sustainable is the arrangement I am being offered? You can use this to review your income and outgoings. If your arragement is part of the Mortgage Arrears Resolution Process (MARP), you will have completed a Standard Financial Statement (pdf) for your lender. ![]() MABS has a budget tool and the Insolvency Service of Ireland (ISI) has a reasonable living expenses calculator to help you with this. Most lenders have family finance budgeting tools on their websites that can help you work out if you can afford the arrangement being offered.
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