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NOAH said:From what I can gather he intends to stick with the ssia, until 2006, when it matures, then use the forgottten about €250.00 to up his mortgage payments and pay it off early. A very wise move and painless as well. And he can stop it at anytime.
BUT, and I have not read all the links, from my recollection it is sometimes better to pay off as a lump sum as the interest is calaculated annually on mortgages so eg put 250 into a saving account for 12 month and then go in and pay off that as a lump sum before the inerest is calculated.
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