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So that endowment plan I took out as a young newly wed didn't turn out to be the smartest idea ever. Always good to save eh ? Hmmm....
So the mortgage period is up and we are 29k short. It's not a disaster but not brilliant.
Both nudging 50 and should be setting aside more for our retirement than whacking out another 10 years of mortgage payments I guess.
I have some saving so could pay off some of the outstanding balance but I don't think that's advisable is it ? Isn't a mortgage the cheapest way to borrow money ?
Anyone else been in this situation and what did you do ? I can't see theres much choice but to extend for another decade, but maybe someone knows better.