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Should I pay mortgage off ?
bungleberg
Posts: 58 Forumite
Hi
I am in a nice position in that I have built up 20k in an allshare tracker over the the last 7 years. I only have amortgage of 15k on property worth 375k which I am paying 1k pcm so it will be finished in 15 months anyway. I have debts of 6k on credit card which I have been tarting for years.
My question is:-
I am a little worried about global economies and am thinking about cutting and running. Should I sell the tracker fund and pay off the mortgage I am not too worried about cc debt as I still keep managing to switch.
Any views would be appreciated
I am in a nice position in that I have built up 20k in an allshare tracker over the the last 7 years. I only have amortgage of 15k on property worth 375k which I am paying 1k pcm so it will be finished in 15 months anyway. I have debts of 6k on credit card which I have been tarting for years.
My question is:-
I am a little worried about global economies and am thinking about cutting and running. Should I sell the tracker fund and pay off the mortgage I am not too worried about cc debt as I still keep managing to switch.
Any views would be appreciated
0
Comments
-
Sounds like more of an investment question regarding the Tracker?
Any fees to close the mortgage early?0 -
Financial_Savvy wrote: »Sounds like more of an investment question regarding the Tracker?
Any fees to close the mortgage early?
In the region of £150 - £175 to redeem early0
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