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hippy
I’m looking for some pointers on something which is probably very simple and blindingly obvious, but I’m economically illiterate.
I’m 1 year into the fixed-for-5-years bit of my 25 year mortgage. So in 4 years things like interest rates will have changed... during this 4 year period does it make sense to pay off as much
of the mortgage as possible?
If it makes no real sense then I won’t because it’ll really squeeze us financially to do this, but if it sets us up for an easier and more secure transition once the fixed period ends then it’s something I feel I should make the sacrifice for.
Any thoughts from anyone who understands this shit?