Mortgage v saving

[Dweller$]

Hi. If I had a couple of thousands euro, should I pay it off my mortgage or keep it for a rainy day?
Thanks

 

[Gordon Gekko]

Hi. If I had a couple of thousands euro, should I pay it off my mortgage or keep it for a rainy day?
Thanks

That depends on a number of factors.

What rate is your mortgage at?

Have you other savings?

What size is your loan relative to the value of your property?

How much income do you earn?

Do you have other debts?

Is it a rental property or your home?

 

[Brendan Burgess]

Discussed at length in other posts, including Key Posts.

No need for another one.