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Mortgage calculator? endowment quandry.
sockpuppetuk
Posts: 334 Forumite
Is there such a thing as this that will give me a "rough" guide of how much I would pay on a certain value mortgage?
We are hopefully moving to Spain within the next 6 months and would like to pay off some of our mortgage so that when we rent the house out we have an income from it "just in case".
Also, we are on a repayment mortgage but we have a couple of endowments .. one on the house and one that we kept going after selling my wifes property, would it be better to keep those going as things are beginning to pick up or cash them in (roughly 11 years old) and use the money to pay off more of the mortgage .. or maybe just freeze them.
Thanks for any advice
We are hopefully moving to Spain within the next 6 months and would like to pay off some of our mortgage so that when we rent the house out we have an income from it "just in case".
Also, we are on a repayment mortgage but we have a couple of endowments .. one on the house and one that we kept going after selling my wifes property, would it be better to keep those going as things are beginning to pick up or cash them in (roughly 11 years old) and use the money to pay off more of the mortgage .. or maybe just freeze them.
Thanks for any advice
0
Comments
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POst some info about them
Company they're with
Guaranteed sum assured
Declared bonuses
Surrender value ( ring up and ask)
Monthly premium
Maturity dateTrying to keep it simple...
0 -
Here is a link to a basic mortgage calculator
http://money.uk.msn.com/mortgages/calculate/mortgage_estimator.aspx
You can play around with different interest rates etc0 -
Ok, will phone the 2 compamies on Monday to find the surrender value.
Cheers for the calc url :-)0
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