Mortgage is a tracker with BoI. ECB +1.4%. Current interest rate is 3.4%.
Amount remaining = €37,977.
Current monthly repayments = €300.
Savings = €50,000.
Gross salary per year = €45,000.
No other debt.
Planning to spend €12,000 next Summer when I want to change my car.
Should I clear the mortgage entirely now, and build up my savings fund again?
Thanks.
Amount remaining = €37,977.
Current monthly repayments = €300.
Savings = €50,000.
Gross salary per year = €45,000.
No other debt.
Planning to spend €12,000 next Summer when I want to change my car.
Should I clear the mortgage entirely now, and build up my savings fund again?
Thanks.
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