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Pay of our mortgage????
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les161008
Posts: 2 Newbie
HI Everyone
As you can no doubt tell this is my first venture into this. What I would like to know is this
My wife and I have both taken early retirement and our pensions we now only work parttime but we still have a small mortgage around 10% of our property value with 8 years left to pay, we have more than double our outstanding mortgage in our savings (in investments not in the bank) thus earning a better than average return. Should (and heres the BIG question) we now pay of our mortgage with part of our savings, it would be our intention to re-invest half of our now monthly mortgage payment back into investments.
Could anyone out there please offer some advice.
Many thanks
Les161008
As you can no doubt tell this is my first venture into this. What I would like to know is this
My wife and I have both taken early retirement and our pensions we now only work parttime but we still have a small mortgage around 10% of our property value with 8 years left to pay, we have more than double our outstanding mortgage in our savings (in investments not in the bank) thus earning a better than average return. Should (and heres the BIG question) we now pay of our mortgage with part of our savings, it would be our intention to re-invest half of our now monthly mortgage payment back into investments.
Could anyone out there please offer some advice.
Many thanks
Les161008
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