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Some Advice Required <pretty pls
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Front-loaded means the first thing you pay off is ALL the interest which assumes you will keep the loan for the full term, only once the interest is paid do you start paying off the capital. You need to check your loan paperwork to see how the loan you have taken out is charged and whether there are any penalties for cashing in early.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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If your mortgage is $48,831 and houses in your street are going for £58,000+ then there's a good chance you can pay off most of the unsecured loan with the proceeds of the sale (as long as it's not front-loaded, as Fire Fox points out). After that, overpaying should finish off the rest of the loan very quickly, and you can start saving for your new deposit, as you suggest in your plan. You can even earn interest (although not very much while IRs are so low) while you are saving it, instead of paying interest on your mortgage and loan.Do you know anyone who's bereaved? Point them to https://www.AtaLoss.org which does for bereavement support what MSE does for financial services, providing links to support organisations relevant to the circumstances of the loss & the local area. (Link permitted by forum team)
Tyre performance in the wet deteriorates rapidly below about 3mm tread - change yours when they get dangerous, not just when they are nearly illegal (1.6mm).
Oh, and wear your seatbelt. My kids are only alive because they were wearing theirs when somebody else was driving in wet weather with worn tyres.
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