Money Lesson
Single
Single
Overpay the mortgage, or invest?
A homeowner has spare cash every month and one classic question: throw it at the mortgage, or invest it? The same person, planned two ways, side by side.
Employment
Expenses
Property
ISA
2 Goals
Every spare pound overpays the mortgage until it is gone, then goes into a stocks and shares ISA.
Try this plan
Employment
Expenses
Property
ISA
2 Goals
The mortgage runs its normal course; every spare pound goes straight into a stocks and shares ISA.
Try this plan
Clear the mortgage first
Invest from the start
Invest from the start
Investing from day one leaves you ~£551.4k wealthier, while overpaying clears the mortgage ~18 years sooner.
