honoluluwindow
New member
@rnblessings I think this could explain though I think it’s better to compare to the lower mortgage term which is essentially one of the main benefits along with interest savings from overpaying.
If we were to compare to the 25 years, the mortgage balance would stop at £0 and the savings would of course rise to give you a considerable balance at the end.
Well my take on this, and it might be wrong, is that it would be unfair to stop the mortgage side at this point. You could keep saving your monthly repayment and/or the interest you saved by paying early.
Feeling like there’s more to this than these calculators.
If we were to compare to the 25 years, the mortgage balance would stop at £0 and the savings would of course rise to give you a considerable balance at the end.
Well my take on this, and it might be wrong, is that it would be unfair to stop the mortgage side at this point. You could keep saving your monthly repayment and/or the interest you saved by paying early.
Feeling like there’s more to this than these calculators.