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Maximum SSIA's x 2 - invest or make capital mortgage repayment?

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  • 06-09-2006 12:56pm
    #1
    Yorky
    Registered Users Posts: 1,485 ✭✭✭


    Having reviewed previous posts on AAM, there seems to be realistic returns above and beyond the mortgage APR achievable. I know it's a subjective question but would it be advisable to pay off some of the mortgage (LTV 50% and 2.8 times annual income) or invest elsewhere? I know the mortgage option is a guaranteed return but can't help pondering this question.


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    #2
    kmick
    Registered Users Posts: 3,375 ✭✭✭kmick


    Having thought about it long and hard myself I went with the investment option. There were a number of reasons for this.

    1) My mortgage is fixed at 4.4% and inflation is running close to that.Therefore my mortgage becomes cheaper to pay back over time assuming I get a pay rise roughly in line with inflation every year. If your mortgage is variable it is probably a good idea to pay it off if it is high.

    2) I invested with www.quinn-life.com after loads of investigation. Cheap annual fees and medium to good growth depending on how risky you want to go. I am 60% Euro Fund/40% Irish Fund

    3) I would have invested in property if I could have afforded it btw.


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