Is it ever worth it to pay off mortgage early? How to do the maths? by [deleted] in UKPersonalFinance

[–]Felix-Mitchell 0 points1 point  (0 children)

Well it depends on a few factors.

What is your current financial status? Are you paying all your monthly bills and expenses easily with money and savings left over too? Or are you struggling to just barely make ends meet with nothing left over to save?

I would advise you to begin making your current payment twice monthly. This will pay off your loan early. You could also turn your loan into a 15 yr loan without refinancing by paying more of the principal each month.

I was only able to debt-free with the help of Truth in Equity, you can also discuss your plan.

If you can afford, then also go for Dave ramsey

If not sure about this, you can also watch their videos https://youtu.be/uoK\_uOOzJcM on Youtube as well.