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Mortgage Overpayment tactics to save the most in interest

Sunrise_Sunset · 2020-11-09 22:19:19

I've been overpaying on my tracker mortgage for the past year or so. I also overpay on the fixed part of my mortgage (borrowed extra money when I bought a new house last year), but this just sits on the account as credit until the fixed term is up and I can pay this down off the mortgage. I owe about 215k at a rate of 2.1%…

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#32 24-11-2020 11:58am
AnRothar

Registered Users Posts: 541 ✭✭✭

Join Date: January 2019

Posts: 514

3DataModem wrote: »

Fair comment. I guess I was responding to the person who asserted it was better to pay the longest term off first, which is incorrect.

That was probably me in post 2.
But I had the first word "usually" emphasized in bold and mentioned T & C's.

In a former role i have seen people thinking that the small print does not apply to them.

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