In a shit state that the current economy is in, what does one do when it comes to mortgage/property with the assumption that income and employment is stable (for now
- status quo, continue paying mortgage as prescribed
- if have extra money, double up on mortgage payments to accelerate
- if have extra money, do lump sum payments to pay down mortgage
The question/concern is around how shitty AB's recession will be, and the effect on property values. If I intend to accelerate payment, is it paying down a property that's going to be worth a lot less, and instead, my money should go somewhere else?
Those of you doubling up payments, are you reconsidering this and reverting to single payments to preserve cash?