I like the half and half approach. I don’t think you can put a value on knowing your home is paid off. Investing is always better financially in the long run but getting mortgage free quickly is great. Also means you can take even higher risks I.e. put a lot more into crypto once mortgage paid off
Totally agree - would love to own a house outright AND have plenty of investments - nice knowing that you own a good bit of freehold land and owe nobody for it!
Great video, my mortgage is small, under 90k, but I overpay a small amount each month, in case anything happens with my job, I like the security of bringing my minimum payments down. I have a tiny s&s isa that has had an interesting couple of years lol
great video matt! people often get confused b/w interest rates and APRC? would love to see a video on it soon! People often only consider only interest rate 2-3% but forget about APRC.
Ah yes - when you speak to mortgage brokers, these days they instead have to look at the total product cost rather than interest alone as some mortgages might have a great interest rate but it's not technically cheapest when you factor in product fees.
@@HimanshuvMaheshwari APRC is the annual percentage rate of charge including the product fees and discounted fixed rates so a better way to measure true cost of a mortgage compared to just the annual percent interest rate
The past 2 years American companies have performed really well compared to FTSE. Right now it’s in a dip, a lot of the tech stocks haven’t been doing so well plus uncertainty due to the current Ukraine situation
I did a video about this, it all depends on the persons personal situation but I favour investing over paying off your mortgage, especially well interest rates are low. If your investment income out weighs your mortgage interest then invest! If you already have a number of investments in place then I fully understand people paying of their mortgage 👍👌
Are you overpaying your mortgage or investing?
Doing both - more investing than overpayment (£500 v £230 per month). Fab video 🎉 Sue
I like the half and half approach. I don’t think you can put a value on knowing your home is paid off. Investing is always better financially in the long run but getting mortgage free quickly is great. Also means you can take even higher risks I.e. put a lot more into crypto once mortgage paid off
Totally agree - would love to own a house outright AND have plenty of investments - nice knowing that you own a good bit of freehold land and owe nobody for it!
Brilliant analysis !
Great video, my mortgage is small, under 90k, but I overpay a small amount each month, in case anything happens with my job, I like the security of bringing my minimum payments down. I have a tiny s&s isa that has had an interesting couple of years lol
Nowadays the mortgage interests go high around 6-7%, would you do invest?
great video matt! people often get confused b/w interest rates and APRC? would love to see a video on it soon!
People often only consider only interest rate 2-3% but forget about APRC.
Ah yes - when you speak to mortgage brokers, these days they instead have to look at the total product cost rather than interest alone as some mortgages might have a great interest rate but it's not technically cheapest when you factor in product fees.
@@MattBrighton is APRC one time or you pay for it every month with the mortgage?
@@HimanshuvMaheshwari APRC is the annual percentage rate of charge including the product fees and discounted fixed rates so a better way to measure true cost of a mortgage compared to just the annual percent interest rate
Is the sp500 better than ftse100?
I would suggest it is, certainly larger and more growth orientated companies in the S&P
The past 2 years American companies have performed really well compared to FTSE. Right now it’s in a dip, a lot of the tech stocks haven’t been doing so well plus uncertainty due to the current Ukraine situation
I did a video about this, it all depends on the persons personal situation but I favour investing over paying off your mortgage, especially well interest rates are low. If your investment income out weighs your mortgage interest then invest! If you already have a number of investments in place then I fully understand people paying of their mortgage 👍👌
Spot on... one brings more money, another brings safety but really there's no bad option as it depends on what's right for you and your situation
I just do a bit of both!
Great way to do it!
Do the figures again with mortgage rates at 18% like we had in the 80s!
You kids have a lot to learn!