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Confused
lozbenno
Posts: 1 Newbie
I have a mortgage in three parts and am now in a position to over pay, i would like to reduce my mortgage as much as possible. Is it better to add the overpayment to the part of my mortgage that has a higher interest rate running at 6.99% or the one tracking the base rate?
Thank you for any help
Thank you for any help
0
Comments
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The one that charges the most interest.
Check you are allowed to overpay & by how much.Try to be a rainbow in someone's cloud.0 -
You'll probably get better replies if you post this here http://forums.moneysavingexpert.com/forumdisplay.php?f=15I refuse to be afraid of the big bad wolf, spiders, or debt collection agencies; one of them's not real and the other two are powerless without my fear.
(Ok, one of them is powerless, spiders can be nasty.)
As of the last count I have cleared [STRIKE]23.16%[/STRIKE] 22.49% of my debt.
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