V Valheru Registered User Messages 45 11 Aug 2009 #1 Hi, Currently overpaying my mortgage by €500 per month. My mortgage rate is 1.75%. I owe 250k on mortgage and currently have 20 years remaining. Would I be better off putting the 500 into a regular saver at 4.5% for a couple of years and then transfer the lump sum in against the mortgage?
Hi, Currently overpaying my mortgage by €500 per month. My mortgage rate is 1.75%. I owe 250k on mortgage and currently have 20 years remaining. Would I be better off putting the 500 into a regular saver at 4.5% for a couple of years and then transfer the lump sum in against the mortgage?
N NorfBank Registered User Messages 2,097 11 Aug 2009 #2 Yes if you have the discipline to actually pay the lump sum off in a couple of years. www.moneybackmortgages.ie
Yes if you have the discipline to actually pay the lump sum off in a couple of years. www.moneybackmortgages.ie
Brendan Burgess Founder Messages 52,141 11 Aug 2009 #3 covered extensively in key posts No need to start a new thread.