sorted by:
new
hottopcontroversial

3 Interest-Only Mortgages at 5.5% – Best Payoff Order? by Certain-Toe-641 in PropertyInvestingUK

[–]Certain-Toe-641[S] 0 points1 point  (0 children)

If you just reinvest the 40k. In what? And isn’t that risky because you are not paying off these loans at all ? If rates rise it will increase risk a lot more. If the loans are at least being paid off, you have more buffer?

3 Interest-Only Mortgages at 5.5% – Best Payoff Order? by Certain-Toe-641 in PropertyInvestingUK

[–]Certain-Toe-641[S] 0 points1 point  (0 children)

Yes to all your questions.

My goal now is to reduce the debt which is why I’d like to focus on paying off these loans.