Investment & Investing

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rj

We have a 295k mortgage on a 35 year term at 1.8%. The house needed/needs a lot of work done on it so it made sense to keep the monthly repayment low and take a larger loan than we really needed so that we had money to DIY. We've managed to save some money in the last couple of years, so is it worth over paying the mortgage in a lump sum?

We might also move in next 5 years

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Howard in reply to @rj

We've managed to save some money in the last couple of years, so is it worth over paying the mortgage in a lump sum?

Dunno, but my sense is that in a situation where governments (US / UK particular) are basically printing a fuck load of money and a lot of it is finding its way in to asset prices and stocks / shares, it seems a bit silly and borderline dangerous to take money that you could invest and get 1.8% on it by paying down your mortgage, should there be inflation to match.

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rj in reply to @Howard

Realistically we might want it in 3-5 years and with my limited understanding we would be exposing ourselves to short term fluctuations in the market. Could you explain what you mean by "should there be inflation to match"?

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