We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Pay of our mortgage????
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
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.3K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards