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Should I pay money into my mortgage?
davey_browning
Posts: 110 Forumite
We have a mortgage that is at 4.29% fixed at the moment for another year and a bit. The question I have is should I pay an extra money I have into the mortgage (it's flexible) or into my ISA which is currently giving 5.3%? I would assume that I'm best putting the money in the ISA but I wonder if I'm missing anything here?
Cheers
D
Cheers
D
0
Comments
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The quicker one can pay off their mortgage, the better.
I would personally pay off as much of the mortgage as you can afford and are allowed to by your current lender.
But im not an expert on savings, so I would recommend speaking to an IFAI am a Mortgage Adviser
You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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