Just heard son and family will be coming to stay next week!
Leaky Freelander Doors
Ordered some British style bacon and gluten free sausages, from some bloke in Cannes who does them.
Coming from there and with the fancy delivery they need you can imagine the price.
Coming from there and with the fancy delivery they need you can imagine the price.
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Shimsteriom
Master Procrastinator
Just been checking my finances, as you do, and I think it might be more beneficial for me to invest money each month rather than overpaying me mortgage.
I'll get some projected forecast figures from some investment providers and then make a comparison between mortgage overpaying and investing the same amount each month.
I'll get some projected forecast figures from some investment providers and then make a comparison between mortgage overpaying and investing the same amount each month.
My Old Landy
Keep breathin'
Difficult decision as it will run close. I decided to invest instead of paying the mortgage off but I don't know if it was the correct decision!
The mortgage is a good thing to remove and gives you equity for later
Shimsteriom
Master Procrastinator
I think I might have left it a bit late as most of the interest has been paid off the mortgage now but I'll read the gumpf from the investment people and see if it's worth it.Difficult decision as it will run close. I decided to invest instead of paying the mortgage off but I don't know if it was the correct decision!
The mortgage is a good thing to remove and gives you equity for later
....that the butcher blokey has just emailed to say "It 'll be a coupla weeks as they are having trouble with all pork products since Brexit."
Why am I not surprised!
anyway he hasn't taken the money yet.
Why am I not surprised!
anyway he hasn't taken the money yet.
"The value of your investments may go both up and down often and without warning. House values...not so much.
The more you pay off the mortgage NOW while rates are low reduces the capital amount directly meaning when rates change you are less affected and will be mortgage-free all the sooner.
I agree that your spreadsheets are your best friends at this point.
Without knowing all your details, I'd imagine that paying it off as fast as poss is the best way forward. Can't imagine what you could invest in that would be safe that would give a better return than that. And inevitably if you invest it through some investment peeps they'll take their cut, which will reduce the benefit to you.
Whatever you decide best of luck with it.
You'll be really happy once your mortgage is paid off, millstone falls off your neck, and all that!
I paid my mortgage off 7 years early. A massive change in outlook - freed up most of the monthly outgoings (Mortgage, life insurance etc) which could be put to other uses, and secure rent free accommodation for the rest of my life. And the feeling of being less than a wage slave - forever. If I was you, I know which way I'd goThe mortgage is a good thing to remove and gives you equity for later
Shimsteriom
Master Procrastinator
If I were to pay the minimum amount each month off the mortgage I'd have just shy of 11 years left but by overpaying it, as I am now, it'll be paid off in 5 years.Without knowing all your details, I'd imagine that paying it off as fast as poss is the best way forward. Can't imagine what you could invest in that would be safe that would give a better return than that. And inevitably if you invest it through some investment peeps they'll take their cut, which will reduce the benefit to you.
Whatever you decide best of luck with it.
You'll be really happy once your mortgage is paid off, millstone falls off your neck, and all that!
The 5 years will be the amount of time that I need any potential investment to reach an amount that would be needed to pay off the mortgage.
As with all investments, the longer the better so as I said earlier I may have left it too late and that overpaying the mortgage is the better option.
We'll see once I've crunched the numbers
If I were to pay the minimum amount each month off the mortgage I'd have just shy of 11 years left but by overpaying it, as I am now, it'll be paid off in 5 years.
The 5 years will be the amount of time that I need any potential investment to reach an amount that would be needed to pay off the mortgage.
As with all investments, the longer the better so as I said earlier I may have left it too late and that overpaying the mortgage is the better option.
We'll see once I've crunched the numbers
Mortgage paid off all the way! If there was to be another market crash you could lose some of your investment
If you are investing in govt bonds or summat, there may be a fair guarantee, but as has been said before, you are a lot more sure of the future by paying off the mortgage, investments are just a slightly less unsafe form of gambling.If I were to pay the minimum amount each month off the mortgage I'd have just shy of 11 years left but by overpaying it, as I am now, it'll be paid off in 5 years.
The 5 years will be the amount of time that I need any potential investment to reach an amount that would be needed to pay off the mortgage.
As with all investments, the longer the better so as I said earlier I may have left it too late and that overpaying the mortgage is the better option.
We'll see once I've crunched the numbers
We took out 4 low cost endowments. Only 2 reached their target. We would never have been able to pay off the mortgage with them. Luckily we had met each other by then and were living in the other house and paid that ordinary repayment mortgage off early. And we sold the other house which then did pay off the mortgage on it.
Fingers burned once, twice shy!
My Old Landy
Keep breathin'
My new shredder is really good, it does not overheat like the old one and will shred 18 pages at a time
I have shredded years of old paperwork, still loads to go but I am having fun
I have shredded years of old paperwork, still loads to go but I am having fun
Hippo
Lord Hippo
My Old Landy
Keep breathin'
Good, leaks are not fun
Hippo
Lord Hippo
Vestmints may go up as well as down
Hippo
Lord Hippo
they taste niceGood, leaks are not fun
