Soldato
- Joined
- 13 Sep 2005
- Posts
- 4,453
Stopped overpaying my mortgage once interest rates went above it. In real terms it doesn't make a huge difference but hey look after the pennies and all that.
Pay your mortgage off early or invest?
- Thread starter Mysterae_
- Start date
Man of Honour
- Joined
- 21 Nov 2004
- Posts
- 47,247
Stock market does better long-term I believe, though is more volatile.
Property vs the stock market - The Gosling Factor
For most people, the stock market is a better bet than buy-to-let.thegoslingfactor.com
Depends on the property you’re investing in vs how good you are on the stock market. My dad made more on the stock market, I’ve made more on property, especially buying in the right areas at the right time. Plus you have rental security if it all goes **** up.
That said, with my next chunk of money I’ll probably pay off the mortgage, just to keep things simple. I have enough cash and am tired of the property market for now.
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I know that feeling. Would have been mortgage free if we hadn't moved. It's a bit disheartening to think that your money is sunk unless you downsize in the future, not something we want to do. Try not to think of it like that and enjoy the bigger space.
If you come to terms with the fact that you'll have to work to a particular age and don't mind that then enjoy your money by either saving it or spending it. Once it's paid to your mortgage that money's gone, or borrow it back and pay more interest!
Sounds like an incredible idea and very well planned out.