We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

advice please endowment shortfall

Options
jmp410
jmp410 Posts: 57 Forumite
in Mortgages & endowments
hi all '
My mortgage ends next april and my 2 endowment will have a shortfall of about 10'000 i think.
Should i get a loan or remortage for a short period, would also like some new windows if any money is left.

thanks june

Comments

  • sheslookinhot
    sheslookinhot Posts: 2,265 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    How long have you known there would be a shortfall ? It would have been better to start overpaying earlier, if possible. The options now are limited. How much can you afford to overpay each month ? Will the lender permit overpayments ?

    It may be better to overpay and lengthen the maturity date by a year.

    Money left from what ?

    Forget about the new windows for a period.
    Mortgage free
    Vocational freedom has arrived
  • jmp410
    jmp410 Posts: 57 Forumite
    have been overpaying what i can afford for a while ,
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.6K Spending & Discounts
  • 244K Work, Benefits & Business
  • 598.9K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture