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Is it worth overpay 10% mortgage allowance?
DarkShadow
Posts: 180 Forumite
Hello,
I'd like to ask if it's worth to overpay 10% mortgage or you are better off with investing in a active/passive fund? I read so many arguments against both those options.
I'd like to ask if it's worth to overpay 10% mortgage or you are better off with investing in a active/passive fund? I read so many arguments against both those options.
Bank accounts
Santander : 17 year relationship, 0 problems to date.
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Comments
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As you have read so many arguments, do you really want more points of view, or do you have specific questions that are prompted by your research?The comments I post are my personal opinion. While I try to check everything is correct before posting, I can and do make mistakes, so always try to check official information sources before relying on my posts.0
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Why not do both? If unsure, you could always overpay 5% and invest the other 5%. So your mortgage balance goes down while your investments climb. Win win.Mortgage start date Dec 2015 - $64,655.00
Mortgage end date Dec 2045 - NOT!!!!
Mortgage balance - $4600.00
Business Savings $43,310/100k
Hope to be mortgage-free by end of 20230
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