I have been hammering away at the mortgage but obviously won't be doing that in the short term if I have a higher interest loan to pay backYou shouldn't really be hammering away at clearing the mortgage early and then taking out unsecured borrowings at a higher rate...
Have been hammering away at the mortgage. Is this the right thing to do?
Age: 48 Spouse’s age: 47 Annual gross income from employment or profession: €80k Annual gross income of spouse: €100k Monthly take-home pay Probably around €5k after payments Type of employment: e.g. Civil Servant, self-employed I'm with a private company, wife is public servant In general...www.askaboutmoney.com
Sorry for not responding - there was an awful lot to go through there!Hi Deano,
An Post / Avant is fixed, but no penalty for early repayment.
Have a look here, and let me know if anything is unclear.
Key Post - How Personal loans work: Making early repayment & overpayments
Inspired by a discussion in another thread, I couldn’t find a Key Post on how Personal Loans work, particularly around repaying Personal loans early, so here’s first attempt at it. I'm happy to take feedback and make amendments for people’s experiences with different lenders, and any practical...www.askaboutmoney.com
Still doesn't make sense...I have been hammering away at the mortgage but obviously won't be doing that in the short term if I have a higher interest loan to pay back
Around €10k in shares and $10k cash (which will be put off the mortgage shortly)
...
Should I be doing something else with our surplus money every month?
What doesn't make sense? That post on the other thread was from almost two years ago, but you keep referring to it??Still doesn't make sense...
Have been hammering away at the mortgage. Is this the right thing to do?
Age: 48 Spouse’s age: 47 Annual gross income from employment or profession: €80k Annual gross income of spouse: €100k Monthly take-home pay Probably around €5k after payments Type of employment: e.g. Civil Servant, self-employed I'm with a private company, wife is public servant In general...www.askaboutmoney.com
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