Lump sum or reduce term on mortgage

Skunkard

New Member
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10
I have some funds coming to me re sale of investment property. Is it better to put a lump sum against my own mortgage or to reduce the term?
 
Is your PPR mortgage a fixed or variable rate?
Do you have any other higher cost debts that should be tackled first?
This key post may be of use:
 
It’s a tracker. I don’t have any other loans. 200 months left on the mortgage and 3.95% rate. Balance 250k
 
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answering just the question asked, throw it against the mortgage as a lump sum. Leave your term the same; if you can keep the payment the same as well, you'll clear your mortgage even faster.