extending mortgage term
in Mortgage-free wannabe
2 replies 1K views
I am about to pay a substantial lump sum off my mortgage as I have retired from work and I will be receiving a lump sum and a work's pension. My state pension does not kick in for another 5 years. I want to be have a reasonable standard of living until then and to do this I would be better to extend the term of my mortgage for an extra 5 or so years. Has anyone done this?:cool:
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