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Interst only mortgage
littleangels3
Posts: 221 Forumite
I have an interest only mortgage, weve managed to pay off a few debts but still have more outstanding, is it worth staying on this for a year or so to clear the debts or change back to a repayment mortgage?
#18 Weekly savings challenge 2015(£220.80-£1378)
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#100-£365 in 365 days challenge 2015 (£62-365)
#203-Sealed pot challenge 8-2015 (£7.50-£100)
Payment a day 2015- (£151) Xmas park savings £68
#70 £10-£1000 Emergency Fund Member
#62 £2 savers Club Member- £34
0
Comments
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Depends how much debt your in and what the difference is between a repayment and interest mortgage, plus how long it will take you to pay back and whether it is worth it?No you're not a vegetarian if you eat any animal or fish, so do not insult genuine veggies by calling yourself one! :mad:
Thanks to everyone who posts competitions. You are the stars of the board :T:j:T0
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