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## Financial Situation Analysis and Future Planning

Hello everyone, I would like to gather your opinions on a financial situation that my wife and I are currently navigating. We are both in our mid-thirties with a young 1.5-year-old daughter. Our household income stands at around 4500 EUR/month (net) while my wife is on child leave. Upon her return to work, our income is expected to increase to the range of 5000-5500 EUR/month (net).

### Current Financial Obligations and Investments

In terms of our financial commitments, we have a house mortgage with a remaining balance of 103k at a variable interest rate of 2.09% + EURIBOR (current total 6.14%). We are currently in negotiations to refinance this mortgage at a lower rate of 1.90%. Our monthly payment for the mortgage ranges from 450-650 depending on the current EURIBOR, with the current payment set at 655/month.

Additionally, we have a car loan with 3.5 years left on the original 5-year term. The remaining balance on the car loan is 28k, which includes a lump sum payment of 13k due at the end of the term. Our monthly payment for the car loan, based on the current EURIBOR, is approximately 450/month.

We also hold around 13-14k in investments, primarily in VWCE and local bank investment funds. Furthermore, we have a small emergency fund and make monthly contributions towards our daughter’s future investments.

### Financial Planning Questions

1. **Car Loan Payment Dilemma:** If we are unable to cover the final payment on our car loan, should we consider selling some of our investments to settle the amount, or would it be more prudent to refinance the remaining balance and continue with our investment strategy without touching it?

2. **Future Mortgage and Investment Strategy:** Upon completion of the car loan payments, our mortgage obligation will only account for approximately 10% of our monthly net income. I anticipate that our investment portfolio will match the remaining mortgage balance sometime between 2030-2032. Should we plan to liquidate our investments to pay off the mortgage once the balances align, or would it be wiser to continue with our investment strategy and maintain our mortgage payments? Alternatively, should our decision be subject to economic conditions and interest rates at that future time, making it impossible to predict accurately now?

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Your feedback and suggestions on this matter would be greatly appreciated. Thank you for your input.

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