Should I Overpay My Mortgage?
Overpaying your mortgage can reduce interest costs and shorten your loan term, but it is not the right choice for everyone. It usually makes most sense once you have paid off expensive debt, built an emergency fund, and checked that early repayment charges will not wipe out the benefit. Before deciding, compare the guaranteed saving from overpaying against what you might gain from investing, pension contributions, or paying down higher-interest borrowing.