Chartwell Wealth Management

Compass Resources

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Overpaying your mortgage — does it pay?

Overpaying your mortgage — even by a small amount — can make a significant difference over time. Because mortgage interest is usually calculated daily, reducing the balance early means you pay less interest overall. You can overpay in two ways: Ad hoc lump sums...

Using equity to fund home improvements

If your property has increased in value or you’ve paid down a good portion of your mortgage, you may be able to access additional borrowing. This can be done either through your existing lender or by remortgaging to a new one. People commonly raise funds for: Home...