Mortgage free in 5 years?
in Mortgage-free wannabe
3 replies 209 views
In 4.5 years we will be 55
We have 4.5 years left on a 5 year 1% fixed rate
The balance on our mortgage will be approx: £55k
We currently have £25k saved in a high interest rate account
We also have £5k in an emergency fund
We intend to keep saving so that in 4.5 years we can pay off the mortgage balance
Only debt is a 0% interest loan which has £6k remaining (will be paid off in 18 months)
Not sure is this is the best plan...or if there is a more obvious/more efficient way?
Thanks for any advice!
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