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Re-pay Mortgage or Not
geordielass2
Posts: 4 Newbie
Hi My question is I'm retired, should I pay off the last £20k of my mortgage or use the money to fund my retirement and re-mortgage at interest only. Is it possible to keep re-mortgaging at interest only and let the money be taken from the sale of my property after I die. Would it be possible to do this and does anyone think its unwise.
Many Thanks
Many Thanks
0
Comments
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What rate are you paying on the mortgage?0
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Personally I wouldnt do it, as you are effectively leaving the mess of selling the house to repay your debts to someone else when you die.
I am sure you can however.0 -
Get it paid off your mortgage, can you imagine the feeling of being mortgage free, it's bluddy brilliant, no mortgage to pay, no rent, no debt......
brilliant.make the most of it, we are only here for the weekend.
and we will never, ever return.0
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