We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Should I pay my mortgage off? (another one)
crazydad
Posts: 52 Forumite
hi
i am retiring at the end of August and will have about another 2 years to go on my mortgage. the endowments are there or there abouts. it will take about half of my lump sum to pay this off and i will have a livable wage coming in every month. there are no fees for early payment. i was thinking of paying it off and when the endowments mature, i will pocket them, i mean invest them :rolleyes:.
do you think this is a good idea or am i way off the mark? i don't have any savings, isa's or any kind of investments.
thanks
i am retiring at the end of August and will have about another 2 years to go on my mortgage. the endowments are there or there abouts. it will take about half of my lump sum to pay this off and i will have a livable wage coming in every month. there are no fees for early payment. i was thinking of paying it off and when the endowments mature, i will pocket them, i mean invest them :rolleyes:.
do you think this is a good idea or am i way off the mark? i don't have any savings, isa's or any kind of investments.
thanks
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards