The Age
·general
·1 hour ago
Man uses $50,000 early inheritance to offset mortgage, experts advise
A man in his late 30s plans to use a $50,000 early inheritance from his terminally ill father primarily to offset his mortgage. Financial experts suggest keeping the funds in a mortgage offset account, especially considering upcoming home renovations. Conservative investment returns may not surpass the mortgage rate, making this decision financially prudent.
Summary by OZbrief · The Age
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