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Help clear loan or mortgage

paddyz · 2011-01-24 20:24:17

Hi all, Could you please advise me is it best to pay off a loan early or put our money into the mortgag? paying approx 3k loan will save £450 interest, but putting money into the mortgage currently 103k as overpayment could save much more in the long run i think! (not sure of exact amount though) loan is 16% and mortgage…

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anirow Posts: 18 Forumite

26 January 2011 at 9:30AM

All the luck to you Tina.

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paddyz Posts: 175 Forumite

26 January 2011 at 7:59PM

Good luck to you too abby

Mortgage start Oct 12 £104,500
current May 20 -£56,290_£52,067
term 9 years aiming on being mortgage free by 7
Weight Up & down 14st 7lb
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Help clear loan or mortgage

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