Hi all,
Just wondering is it better to overpay 2k a month off my mortgage (UB fixed at 2.3% allowed to overpay 20% of overall sum of mortgage), which lowers the monthly repayment The bank requires (not including the amount I’ll overpay)
Example repayment in January =1000, I pay 3000, repayment in February is 990, I pay 2990, repayment in March is 980 I pay 2980 etc etc
Or is it better to pay off 24k at the end of the year?
Or does it make any difference?
Thanks guys.
Just wondering is it better to overpay 2k a month off my mortgage (UB fixed at 2.3% allowed to overpay 20% of overall sum of mortgage), which lowers the monthly repayment The bank requires (not including the amount I’ll overpay)
Example repayment in January =1000, I pay 3000, repayment in February is 990, I pay 2990, repayment in March is 980 I pay 2980 etc etc
Or is it better to pay off 24k at the end of the year?
Or does it make any difference?
Thanks guys.