Mortgage-lump sum payment

R

Redkev

Guest
Looking for advice!!
I have €200k mortgage with 23 yrs left
I am 34 and my wife is 33 and have 3 kids.
Our combined wages are €75k per annum and our jobs are safe.
I am coming into money inthe next few weeks approx €80k and want advice on whether to pay this off my mortgage which is on a tracker (ECB) or invest for 4/5 years..
Thanks
 
Why is this in the arrears/negative equity forum?

Crunch the numbers - what you save in mortgage interest costs by making a lump sum repayment versus what you might earn by saving/investing over the 4/5 years.

In other threads the word seems to be that if you have a competitive tracker then it may make sense NOT to accelerate the capital repayments.
 
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