What to do? Mortgage or Invest?

[living]

Hi,

I'm looking for a bit of advice. Have got two properties, one investment and one residential with a current market value of about €975k in total and outstanding mortage of €615k. Have also got about €70k in savings currently in online accounts. Investment property rental income is covering that mortgage.

I've been thinking a lot about putting a lot of that 70k off my homeloan mortgage but then again I'm not sure if this is the best thing to do. does anyone have any suggestions?

 

[ATracey]

What to do? Mortgage or Invest

It really does depend on what you want to do....
€70k off your Mortgage is going to save you €4,200 per annum or thereabouts. So that sort of Investment gives you additional spending capacity every month. Also think about retaining flexibility, maybe hold back €20k or so....
Only pay off the Mortgage if you are not going to dip in again in the short term or make a further property investment.
The person who knows what you want best is you!
Good luck!