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Nationwide - overpay now or later

wooders · 2011-05-03 09:28:23

Hi Quickie I hope I'm with Nationwide fixed rate till Sept 2012 at 5.8% £80000 owed on a £220000 home, 14yrs to go. No debts and a bit in my isa's Q is, i currently have enough cushion to allow me to overpay upto £500 per month for about a year, should I start now??? or wait until Sept 2012 when I'll move to another fixed…

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wooders Posts: 159 Forumite

4 May 2011 at 8:11AM

So another Q then...

whats best, to reduce the monthy payment by overpaying OR
reduce the length of the mortgage by overpaying?

as above I'm looking to be mortgage free asap without scrimping to much.

One day I'll be rich me tells ya.....rich.....hahaha:D
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Nationwide - overpay now or later

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