Mortgage about to be paid off - what next
Discussion
Question for a friend (seriously)
Mortgage is due to be paid off in the next 12 months.
So the two choices are
Use the money which is normally used to pay the mortgage to invest monthly circa £700
Or
Remortgage for 20 years and invest £150,000 that would be borrowed across whatever investments and pay the monthly mortgage payments circa £700.
In 20 years the couple will be 55 and the goal is to retire early
Mortgage is due to be paid off in the next 12 months.
So the two choices are
Use the money which is normally used to pay the mortgage to invest monthly circa £700
Or
Remortgage for 20 years and invest £150,000 that would be borrowed across whatever investments and pay the monthly mortgage payments circa £700.
In 20 years the couple will be 55 and the goal is to retire early
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