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    oliel
    Inheritance pay off mortgage or not?
    • #1
    • 3rd Jan 11, 12:10 PM
    Inheritance pay off mortgage or not? 3rd Jan 11 at 12:10 PM
    which is best to do if i inherit 200k

    1) pay off my 125000 mortgage and bank 75k

    2)invest 200000 into term deposit draw the interest on this at the end of the term and then reinvest again and use the interest earned each time to cover mortgage payments

    I am thinking that with option 2 i would eventually pay off mortgage and also still have 200000 in bank? whats your opinion?

    Thanks
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