Curious me
Registered User
- Messages
- 13
Hi guys,
An area I get confused over is whether to pay a lump sum off my mortgage or not. About 6 months ago I got 100% mortgage of €360,000 monthly payments are around €1,500. I have a lump sum of money approx €10,000 which I could now pay against my mortgage. I have no other loans so paying it off seems like the sensible thing to do however I hear that it will make little difference to my monthly repayments (very disappointed!). Should I take some time of the term instead??, or pay off the money??..... or travel the world
Any advice would be much appreciated
Thanks a lot
An area I get confused over is whether to pay a lump sum off my mortgage or not. About 6 months ago I got 100% mortgage of €360,000 monthly payments are around €1,500. I have a lump sum of money approx €10,000 which I could now pay against my mortgage. I have no other loans so paying it off seems like the sensible thing to do however I hear that it will make little difference to my monthly repayments (very disappointed!). Should I take some time of the term instead??, or pay off the money??..... or travel the world
Any advice would be much appreciated
Thanks a lot