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Should I pay a lump sum off my mortgage?
Kikimay
Posts: 22 Forumite
We have an endowment mortgage for £19,500.00 with Halifax that has 2 more years left. Our endowment has an expected shortfall of about £3000.00. We have £10,000.00 savings we could pay off the mortgage now.
What would be best, any advise appreciated, thanks.
What would be best, any advise appreciated, thanks.
0
Comments
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Dont leave yourself without any savings but you could pay £3,000 off the mortgage now and hopefully the endowment will cover the rest.
Just keep your payment static each month ( slight overpayment!)
Good luck0
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