In this Hive Talks session, Dan and Ross tackle the common question: Should I overpay my mortgage? Their answer? “It depends.”
Ross presents two perspectives:

• Overpaying your mortgage – this approach provides security and peace of mind by turning your home into a fully paid-off asset.
• Not overpaying – Mortgage debt is low-cost, so investing your extra funds elsewhere could yield higher returns.

While both options are logical, the real challenge lies in execution. Dan shares his personal experience of choosing to pay down his mortgage, even when the temptation to invest elsewhere was strong. Tax considerations also play a role, especially for business owners. In some cases, paying down a mortgage may be less tax-efficient than reinvesting in a business.

Ultimately, there’s no one-size-fits-all answer. The key is understanding your personal financial goals and circumstances.

If you’d like personalised advice, don’t hesitate to reach out.