Monday 25 Jan 2016. What small dfw stuff will you do today?

determined_new_ms

DawnW wrote: »

£100 per month is £1200 per year. That will save a lot of interest over the mortgage term

My db is a mortgage advisor and he told me if you overpay by £100 pm you knock off 5 years off of the term :j

Sanctioned_Parts_List

DawnW wrote: »

It depends really - can you get more than 3.4% on any investments? And are there any penalties regarding overpaying your mortgage? Are there any tax implications (I think I remember you mentioning you rent out your property)?

Thanks Dawn! Early retirement (or at least making sure employers can no longer use money as a weapon) is indeed the goal.

WRT your questions, I think we're covered on 2 out of the 3, and I'd like to think that performance of some good funds will exceed my mortgage interest, but would be arrogant to count on it.

Perhaps the real solution is "a bit of both"?

allydowd

josiebabie wrote: »

La E, DNMS and Ally I know who you all are, might need some reminders of others though!!!

If you pop onto the Facebook page I've set up a thread where folk can identify themselves.

debbie_debt

allydowd wrote: »

If you pop onto the Facebook page I've set up a thread where folk can identify themselves.

What's the facebook page Ally?