Since taking out my mortgage 3 years ago my salary has increased by $16,000. Somebody recently recommended overpaying on my monthly mortgage repayments using a portion of my increased income. My mortgage company allows me to overpay by 10% of my final balance annually.
Does anybody have any experience of overpaying? Is it worth it or should I invest in a savings account instead?
Submitted December 12, 2017 at 05:56AM by lastyd http://ift.tt/2jRLmvn
