Asked by Al
Hello Gurus!
I would like some advice on my current situation, if possible. I have an existing mortgage (~600k principal) hitting its 3rd year by Apr2011 where I have the option to pay up partially or refinance. I have about 500k cash now which I am thinking of either investing it in a new property now or keep it till Apr2011 so I can pay off majority of my mortgage. I do not plan on taking on additional loan and my risk appetite is moderate.
Any advice would be appreciated, thank you.
I would like some advice on my current situation, if possible. I have an existing mortgage (~600k principal) hitting its 3rd year by Apr2011 where I have the option to pay up partially or refinance. I have about 500k cash now which I am thinking of either investing it in a new property now or keep it till Apr2011 so I can pay off majority of my mortgage. I do not plan on taking on additional loan and my risk appetite is moderate.
Any advice would be appreciated, thank you.
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