Money magazine Comments - Ask Paul: We inherited $140k, should we pay off our mortgage or invest? Linda has inherited $140,000 and is thinking of investing it. Paul Clitheroe has other ideas. "Opportunities like this to reduce debt are rare." https://www.moneymag.com.au/feed/latest?story=141580226 Thu, 25 Mar 2021 15:48:50 +1100 Thu, 25 Mar 2021 15:48:50 +1100 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: We inherited $140k, should we pay off our mortgage or invest? https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by hazel turner ()

I am about to inherit $200,000 from my late father.

We are a family trust running a security company- our office is our investment- Bank have valued the premises at $475,000 and loan is $300,000.

Home is valued at $1.2 mill with mortgage of $300,000.

I intend to us the inheritance to lower our debts.

Which loan is it best to put payment towards or part to each?

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]]> hazel turner () Thu, 25 Mar 2021 15:48:50 +1100 Comment by Money magazine ()

Hi Hazel,

Thank you for your question. While our team can't answer it here in the comments section, we will pass it on to Paul Clitheroe for his consideration for a future Ask Paul.

- Money team

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