Friday August 14, 2020

Mortgage relief with SSIA money

Former Special Savings Incentive Account (SSIA) holders who continue their savings habit but use the money to repay their mortgage instead could shave up to €160,000 off their loan, according to new figures from Dublin financial consultants Liberty A

28th July, 2007

Former Special Savings Incentive Account (SSIA) holders who continue their savings habit but use the money to repay their mortgage instead could shave up to €160,000 off their loan, according to new figures from Dublin financial consultants Liberty Asset Management.

The last tranche - and the bulk - of SSIAs matured at the end of April.

A homeowner with a 40year mortgage of €317,500 would save €159,475 in mortgage interest and repay his loan 13...

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