We are in a position to pay the outstanding balance of 30 K on our mortgage. The mortgage of 265k was taken in 2005 and we periodically added lump sums in the past 12 years. Our question is what happens to the mortgage protection insurance or what should we do about it.
We are in our early 40s. My wife is a public servant and I am working in construction business (have a pension through work). We took a critical illness cover in 2005 as well. We have a 13 year old. We have 100 K in savings and 27k college fund for our child.
Any advice would be greatly appreciated. Thank you.
We are in our early 40s. My wife is a public servant and I am working in construction business (have a pension through work). We took a critical illness cover in 2005 as well. We have a 13 year old. We have 100 K in savings and 27k college fund for our child.
Any advice would be greatly appreciated. Thank you.