Paying off your mortgage early might seem like a good idea 💡 But don't forget ✌️ points:
- If you have a fixed low rate, you'll be beating inflation (=negative rate!)
- Your mortgage £ will be deducted from value of your house for IHT
Paying off your mortgage early might seem like a good idea 💡 But don't forget ✌️ points:
There is also the opportunity cost. Could you have put x into something else and earned greater yield.