A PPI refund can be utilized to pay a part or the rest of a mortgage or home loan. With the PPI refund you will be capable to make a large lump sum payment towards you mortgage and have it paid off much earlier than anticipated. The lump sum can also be used to buy another home and be used as a down payment. Using the lump sum PPI refund to invest for retirement or add to your savings is also a good idea.
More information on:-
http://ppiClaims4you.co.uk