Repay or Invest in second property
Hi All ,
Newbie here and will appreciate suggestions/advice on weather I should pay out my existing mortgage ( outstanding mortgage balance 282k , property price is around 560k , will be coming up for renewal/ refinance in April 2021 ) as I am sitting on some 125 k cash or should I invest this cash as down payment to buy another property looking at low interest rates. Also what should be approach for buying second property -precon or anything available? Also is there any link to calculate cash flows ?
Newbie here and will appreciate suggestions/advice on weather I should pay out my existing mortgage ( outstanding mortgage balance 282k , property price is around 560k , will be coming up for renewal/ refinance in April 2021 ) as I am sitting on some 125 k cash or should I invest this cash as down payment to buy another property looking at low interest rates. Also what should be approach for buying second property -precon or anything available? Also is there any link to calculate cash flows ?