5year Mortgage agreement on house is ending in March another 24 on it. Sadly gf’s mum died last year which could put us in a unwanted but position to pay off the mortgage. Is there any reason to not pay it off completely? I know things like credit is I think set on having debt,but feel something sad could in some way be positive.
Maybe speak to a mortgage adviser and see about offset mortgages? In the current climate, I would probably pay it off, but if you might need the money, paying off a bunch and having the rest as an offset would allow you to use the excess if required.
5year Mortgage agreement on house is ending in March another 24 on it. Sadly gf’s mum died last year which could put us in a unwanted but position to pay off the mortgage. Is there any reason to not pay it off completely? I know things like credit is I think set on having debt,but feel something sad could in some way be positive.