should i cash in endowment (not with profits) or use premium bond money to pay off mortgage?

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should i cash in endowment (not with profits) or use premium bond money to pay off mortgage?

2007-12-09 03:47:05 · 2 answers · asked by bollydarling 1 in Business & Finance ➔ Personal Finance

2 answers

Before you go anything you should talk with a certified financial planner to find out if it is the best thing for you, tax-wise, to pay off the mortgage at all. You may need the deduction to save taxes and it might be better to let your investment money grow or it might be better for you to pay it off now. But the only way to know for sure is to sit down with a professional CFP and go over all of your information.

2007-12-09 04:37:29 · answer #1 · answered by Jeanne R 7 · 0⤊ 0⤋

why pay it off, since the interest is dedutible?

2007-12-09 11:50:19 · answer #2 · answered by Anonymous · 0⤊ 0⤋