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Quantifying the benefit of overpaying small amounts
BurnsieUK
Posts: 130 Forumite
Hi
When talking to my mortgage advisor yesterday, I recall a comment when she said that even overpaying by a littler extra per month (she used an example of a about £30!) can save a lot in the future (by "a lot" I mean, more than the £30 "spent").
Is there any way of calculating this? She took me through an example but I'm not that smart and was also watching the BoJo verdict come in
When talking to my mortgage advisor yesterday, I recall a comment when she said that even overpaying by a littler extra per month (she used an example of a about £30!) can save a lot in the future (by "a lot" I mean, more than the £30 "spent").
Is there any way of calculating this? She took me through an example but I'm not that smart and was also watching the BoJo verdict come in
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Booming.
Thanks :j:money::p0
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