Mortgage:- to pay it off or not to pay it off
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Pay off or continue monthly payments
Pay off
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Continue monthly payments
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tattyjacket
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Joined: 08 Sep 2012
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PostPosted: Sat Sep 15, 2012 5:49 am    Post subject: Mortgage:- to pay it off or not to pay it off Reply with quote

Hi,
Approaching retirement and expecting a lump sum. I have about £20000 to pay on my mortgage.
I could pay this amount off now thus saving my monthly repayment.
Or,
I could invest that £20000 and use it to continue paying the monthly repayments.

What should I do?

Phil
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