We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Paying off mortagage early
Options
rizzo_2
Posts: 25 Forumite
I have a redemption figure of 37K on my mortgage with an endowment policy. It runs until 2019. It's very unlikely the endowment will cover the balance when the term ends, a 10k shortfall is predicted.
Is it advisable to start paying off the amount owed, and keeping paying the endowment, and sorting side of things out when the balance is reduced or paid off?
TIA for replies
Is it advisable to start paying off the amount owed, and keeping paying the endowment, and sorting side of things out when the balance is reduced or paid off?
TIA for replies
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards