Balance mortgage repayments against investing early

Updated July 2 2021 - 3:36am, first published May 8 2020 - 11:31am
Balance mortgage repayments against investing early
Balance mortgage repayments against investing early

Last week I wrote about the importance of getting control of your home loan, both to pay less interest and to give yourself a safety buffer if you strike a financial challenge. I pointed out that, because of the way compound interest works, once your payments are at a level to pay your mortgage off in 10 years, there is little to be gained by paying it faster.

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