Hi folks,
First time post,
mortgage:€270000
term: 26 years
we are coming to the end of our fixed term with BOI, I can fix for three years at 3.5% or ten years at 3.8% with BOI.
I’d like to pay off my mortgage as early as possible, we still have €150000 from a previous house sale that we could use to reduce our balance. We would still have a rainy day fund after paying the €150000.
we are both working, early 40’s, public sector
should I pay off the lump sum, or switch the mortgage, or is there something else I should look at?
Thanks
First time post,
mortgage:€270000
term: 26 years
we are coming to the end of our fixed term with BOI, I can fix for three years at 3.5% or ten years at 3.8% with BOI.
I’d like to pay off my mortgage as early as possible, we still have €150000 from a previous house sale that we could use to reduce our balance. We would still have a rainy day fund after paying the €150000.
we are both working, early 40’s, public sector
should I pay off the lump sum, or switch the mortgage, or is there something else I should look at?
Thanks