Is it worth paying a little bit more on my mortgage?

wbh1138

Hi

as I have a tracker mortgage, the monthly payments have come down about £75 over the last 6 months.

My question is, is it worth paying the amount I was paying, to nibble away at my mortgage (mortgage is only around £35000 with just over 10 years to go) or will it make so little difference that I may as well spend it and enjoy it now.

I look forward to any advice.

Cheers
Wayne

Robert_Sterling_3

It is in your interest to overpay the mortgage if you are allowed to. This would come in handy if interest rates go up in due course.

However the interest rates are low and it is hoped that many people will take the opportunity to spend the extra money ans so boost the economy.

So if you do what is best for yourself you will not be doing what is best for me.

So spend spen spend if you feel like it. :T :T :T

Gorgeous_George

Seems to be a duplicate thread. See here

GG