I have €77,000 in my bank account. My mortgage has €75,000 left on it (without interest) and a term of 14 years remaining. The current interest rate is 4%, but of course this can change.
Should I pay off this mortgage? Or would there be much smarter things to do with the money, i.e. investing or buying a second home?
I want to actually get some return on the money, but paying interest on money I don't need to borrow anymore seems unnecessary to me.