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recommended rate of over paying mortgage?
edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
4 replies 852 views
İ am considering starting to over pay my svr interest only mortgage and was looking for some pointers as to a reasonable percentage of total income i should 'invest'--i save about 50pc of my income after all bills and living--i have savings for a rainy day in an account that cant be matched in the uk--i dont scrimp in life but i watch my outgoings -i have a teenage daughter!!i am 47 and content in life--just dont want to get to 70 and have the final demand for the mortgage!-i am secure on pensions and usual future planning--i get 8pc on my savings but worry about foreign exchange fluctuations with putting all my money abroad
mfw'11 No68- 55k mortgage İO--little to nothing saved! i must do better.
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