hi everyone,
I have 39K in my current account.I want to use it wisely.currently have mortgage with bank of ireland-about 281K.i talked to mortgage advisor in the bank re paying lump sum into my mortgage but he instead advised me to put money into their 18month account offering 8 % interest.should i listen to him?or would it be better reducing my mortgage?I am just worried if i put this money into mortgage its more like putting all my eggs into one basket?what do people think?
ps, i am already overpaying my mortgage by about 250 euro every month.
i also have regular saver accounts with halifax and first active.
I have 39K in my current account.I want to use it wisely.currently have mortgage with bank of ireland-about 281K.i talked to mortgage advisor in the bank re paying lump sum into my mortgage but he instead advised me to put money into their 18month account offering 8 % interest.should i listen to him?or would it be better reducing my mortgage?I am just worried if i put this money into mortgage its more like putting all my eggs into one basket?what do people think?
ps, i am already overpaying my mortgage by about 250 euro every month.
i also have regular saver accounts with halifax and first active.