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Help with a dilemma
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Posts: 763 Forumite
I have an endownment with 5 years still to run, statement says the most I would get out is £20 000, I could cash it in today for £16 000.
I've changed some of my mortgage to repayment, and I also have a loan to pay off. Loan repayments are £150 per month with almost the full 5 year term to run. Not sure if theres a problem with early settlement.
Would it be better to cash in now and pay off the loan, use the payments for the loan for the repayment of the mortgage? Place some of the money in a interest account?
Or keep the endowment till full term?
I've changed some of my mortgage to repayment, and I also have a loan to pay off. Loan repayments are £150 per month with almost the full 5 year term to run. Not sure if theres a problem with early settlement.
Would it be better to cash in now and pay off the loan, use the payments for the loan for the repayment of the mortgage? Place some of the money in a interest account?
Or keep the endowment till full term?
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