Mortgage free

edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
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Fusion_at_homeFusion_at_home Forumite
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edited 30 November -1 at 1:00AM in Mortgage-Free Wannabe
I am looking to repay part of my mortgage, it is split part endowment, part repayment, which should i start to pay off?

Replies

  • It depends on whether the interest rates are the same on both parts of the mortgage. You should pay the highest interest rate part first.

    If they are both the same, it doesn't really matter which you pay first. Although you may wish to pay the repayment first in case you get into financial difficulties in the future.
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