Apologise if this is the wrong forum!
I am looking to switch my mortgage, 76k left on 3.15% with 7 years left. Looking at 2.3% with Ulster and paying it back over 6 years.
When I look at what I have across savings, investments, credit union account and vested share options I would have 32k.
I'm always wary of the rainy day fund but I am wondering if people think I should lump that money against the mortgage or deposit it.
I think there are min levels on mortgages also?
Apologise again if incorrect forum, I wasn't sure if it was a savings or a mortgage question
I am looking to switch my mortgage, 76k left on 3.15% with 7 years left. Looking at 2.3% with Ulster and paying it back over 6 years.
When I look at what I have across savings, investments, credit union account and vested share options I would have 32k.
I'm always wary of the rainy day fund but I am wondering if people think I should lump that money against the mortgage or deposit it.
I think there are min levels on mortgages also?
Apologise again if incorrect forum, I wasn't sure if it was a savings or a mortgage question