Thursday, 6 January 2011

Which half of my mortgage should I pay off first? | Money | guardian.co.uk

Which half of my mortgage should I pay off first? | Money | guardian.co.uk

Q Half my current mortgage is on a variable rate and the other half is on a fixed rate of 4%. I have sufficient funds to clear one portion of the mortgage but which makes better sense? Should I pay off the almost zero interest as it will require less funds, or pay off the fixed amount as it is the most expensive monthly portion?

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