Frugalliving
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Hi, should I pay off my tracker mortgage in full? Have savings which would cover outstanding balance. Currently Ecb rate plus 0.5% interest. Thank you
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Only about 50000 left so I might just watch Ecb developments?How much is left?
Generally 0.5% is very cheap.
Now paying .5 + .5 = 1%
If ECB rates go up to say 2.5% (paying 3%) consider then.