Should I pay off my mortgage or save? The simple rule of thumb is: If you can get a higher rate on your savings than you pay on your mortgage, saving wins. But if your mortgage rate is more than your savings rate, then it makes sense to overpay. Pay off the debt with the savings and you are £199 a year better off.
Can you pay off a mortgage early? Mortgage Guide Not Asking If There's a Prepayment Penalty - Mortgage lenders are in business to make money and one of the ways... more