{"id":125215,"date":"2022-03-14T14:00:03","date_gmt":"2022-03-14T07:00:03","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-pay-off-the-mortgage-or-use-our-savings-for-home-improvements\/"},"modified":"2022-03-14T15:08:23","modified_gmt":"2022-03-14T08:08:23","slug":"should-we-pay-off-the-mortgage-or-use-our-savings-for-home-improvements","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-we-pay-off-the-mortgage-or-use-our-savings-for-home-improvements\/","title":{"rendered":"Should we pay off the mortgage or use our savings for home improvements?"},"content":{"rendered":"


\nWe cannot decide what to do with the proceeds of the sale of another propertyQ Our question is a simple one: should we pay off our mortgage or use our savings to improve the house? We recently sold a separate property that I used for work and cannot decide what to do with the proceeds of the sale. Our home would certainly benefit from some improvements (we live in a wet and windy rural location). However, with the increase in costs of construction and supplies, we are concerned that this is not the time to undertake such work. In light of the expected increase in interest rates and continued rise in the cost of living, what do you think is the best choice? Continue reading…
\n
\nSource : theguardian.com
\nRead more…Should we pay off the mortgage or use our savings for home improvements?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We cannot decide what to do with the proceeds of the sale of another propertyQ...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-125215","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-wzB","jetpack-related-posts":[{"id":134307,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-buy-a-property-outright-or-take-on-a-mortgage-and-invest-my-money\/","url_meta":{"origin":125215,"position":0},"title":"Should I buy a property outright or take on a mortgage and invest my money?","date":"January 30, 2023","format":false,"excerpt":"\r My \u00a3200,000 offer has been accepted, I have \u00a3135,000 from sale of my flat and \u00a375,000 in savingsQ I have had my offer of \u00a3200,000 accepted on a property. I have also just sold my apartment for \u00a3135,000 (minus fees), and the transaction has completed. I\u2019m temporarily living with\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/seniors-receive-average-lbs-proceeds-of-177000\/","url_meta":{"origin":125215,"position":1},"title":"Seniors receive average LBS proceeds of $177,000","date":"October 8, 2019","format":false,"excerpt":"\r The Ministry of National Development noted that most seniors \u2013 after taking up the Lease Buyback Scheme \u2013 have enough CPF RA savings \u201cto benefit from a lifelong income stream of about $1,000 per month on a household basis under CPF LIFE\u201d. 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