56 this year, mortgage free and still working. 2 out 3 ain't bad.I’m too young for a mortgage
Aside from that, given that most on here are retired you’re prolly one of the highest earners.
-
Welcome to the new B.I.R.D. Forum. Please be sure to read the "New Member / New Registered ? Please Read" thread in the Coffee Shop. This contains some important information. To become a full member ( £5.90 a year ) simply click on your user name near the top on the right I hope you enjoy the new site ................ Jaws ( John )
You'll Hate this The day has arrived
- Thread starter T.C
- Start date
When pensions weren't performing as investments I took a holiday from them and paid it all into a flexible mortgage and then get over paying even when the pension contributions restarted. Made an amazing difference.
Well done TC. It's a great feeling to own your own castle
Well done TC. It's a great feeling to own your own castle
I’m no financial expert but I think paying disposable income off the mortgage is far safer than pensions.When pensions weren't performing as investments I took a holiday from them and paid it all into a flexible mortgage and then get over paying even when the pension contributions restarted. Made an amazing difference.
Well done TC. It's a great feeling to own your own castle
The other side of the coin, the quicker you pay off your mortgage the more money your other half can claim should you get divorced.
Doesn’t matter if you’re a man. If you’re a man and you get divorced, you’re fucked whatever situation you’re in.
Better than being in Singapore though; get divorced out there and you might, just might, get to keep the shirt on your back.
Quiney
Registered User
What is an mortgage??
Seriously, with rates where they are there iscase for not paying off a mortgage and using the funds for investing in something else. A half decent rental should net at least 4% for insrptane, although you are open to swings in capital value.
Just saying like. I paid my mortgage off as number one priority.
This post may contain nuts, flashing lights and scenes of a sexual nature
Mortgage paid off almost 20 years ago, also the rental property is mortgage free.