Money magazine Comments - Ask Paul: Is it worth the fees to pay off our mortgage early? Alisha and her husband can pay off their mortgage in the next six years but, as they ask Paul, should they? Is it worth forking out for the early repayment fee? https://www.moneymag.com.au/feed/latest?story=141565318 Wed, 01 May 2019 22:08:10 +1000 Wed, 01 May 2019 22:08:10 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: Is it worth the fees to pay off our mortgage early? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by Colin ()

I think having a $100K safety net wouldn't be a bad thing but not $500k. Reverse Mortgages have a lot higher interest rate than current mortgage rates so I think it's a good idea to have a little available if needed. That's if the bank will let you.

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]]> Colin () Wed, 01 May 2019 22:08:10 +1000