We are currently building. We will end up with a mortage of E280k which we are aiming to pay off in 15 years time. There are no other loans.
We have circa E30k in savings. This is a combination of future college funds and wiggle money if something goes wrong with jobs.
Half of me feels we should use some of this equity to reduce our mortage. DH isn't keen as he feels wiggle room is more important in this economy.
What are peoples thoughts on this?
We have circa E30k in savings. This is a combination of future college funds and wiggle money if something goes wrong with jobs.
Half of me feels we should use some of this equity to reduce our mortage. DH isn't keen as he feels wiggle room is more important in this economy.
What are peoples thoughts on this?