J
JKPotter
Guest
Hi,
We are considering extending our existing mortgage term from 10 out to 20-25 yrs to take pressure off. Can we pay extra direct to our loan account to reduce balance if we have extra cash ? Will we face any penalty if we pay this off early ?Is it difficult to reduce term again if things improve?
Is it the norm to be paying your mortgage until your sixties???If we can stick out our existing term our house would be paid for in our early fifties-Don't know what to do but things are tight and so uncertain.
We are considering extending our existing mortgage term from 10 out to 20-25 yrs to take pressure off. Can we pay extra direct to our loan account to reduce balance if we have extra cash ? Will we face any penalty if we pay this off early ?Is it difficult to reduce term again if things improve?
Is it the norm to be paying your mortgage until your sixties???If we can stick out our existing term our house would be paid for in our early fifties-Don't know what to do but things are tight and so uncertain.