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Mortgage free Or Not
lifeis4living
Posts: 9 Forumite
Hi Guys looking for some advise if got £19000 mortgage and £19000 in offset account therefore im intrest free.Do i pay of the mortgage or not.Ive got £5000 in savings for rainy day any thoughts would be great
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Comments
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It depends why you want to pay it off. At the moment, you've got £19k that you can get at whenever you like (although, as you say, you've got your 5k rainy day fund). If it's not costing you anything, then i would just leave it.0
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Since its interest free you might as well leave it imo. You might as well put your money to better use rather than paying off a debt that will devalue through time (inflation).0
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