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barryt1975
Guest
Hi all,
Need some advice, I currently pay €1500 per month off my tracker mortgage [my rate is ECB+0.52%] with €300k or so left on it. I can save €1500-€2000 per month, should I increase my mortgage payments to say €3k per month or should I look at saving €1.5-€2k per month in an account giving 3.5% for a long period say 5/8/10 years and then finishing off my mortgage. If ECB interest rates go above 3% then it makes no sense to save, right? any help is appreciated
Need some advice, I currently pay €1500 per month off my tracker mortgage [my rate is ECB+0.52%] with €300k or so left on it. I can save €1500-€2000 per month, should I increase my mortgage payments to say €3k per month or should I look at saving €1.5-€2k per month in an account giving 3.5% for a long period say 5/8/10 years and then finishing off my mortgage. If ECB interest rates go above 3% then it makes no sense to save, right? any help is appreciated
