If you had a flexible mortgage that allows for capital repayments without penalties and you had some savings what would you do at the moment?
Would you reduce your mortgage or keep the money in the bank?
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assuming you have reserve funds to support yourself for 6 months in case loose job etc, pay off mortgage.
I’d definately pay off the mortgage because instead of them sitting there in an account doing nothing, you can infact make extra repayments which lower the interest payable on your and also save time on the loan.
If however the inevitable occurs and you need money, you know you’ve got available redraw funds on your loan that you have access to.
i think in this current market i would pay of my mortgage.