Christy2020
Registered User
- Messages
- 1
Forget dealing with Zurich! As above overpay your mortgage to get tax free guaranteed return of 3 percent (if your on 3 percent mortgage rate). Getting that by investing with net pay requires almost 7 percent return. I know you might think investing is exciting but IMO it's not the way to go here. What is your mortgage balance, what is the rate, with what back and what is the product? Also hired much is the lump sum? With this info it's possible to demonstrate the tangible benefit of paying it off your mortgage (it will be tens of thousands of euro in interest saved I imagine).was thinking of dealing with Zurich !!
That's a matter of opinion that's been discussed at length on here. Main point is that post tax investing is not a good idea at OPs stage.
Pay it off your mortgage. Why would you do anything else?
That depends on time horizon, risk appetite, etc.because he can almost certainly make more putting it to work than he would save in mortgage interest.
Compound interest is a very powerful force.
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