pay off or invest?

Hi Forestar53,

I feel it is better to pay off the mortgage and invest with the savings that you make as a result. But invest where you are sure to earn profits.

Regards,
Blue

Hi forestar53,

Welcome to MortgageFit Forums.

I shall suggest calculating where you are gaining. You can decide it much better.

If you ask me :wink: I shall personally prefer some investments instead of putting all the cash to pay off my mortgage. It has got the following advantages -

• You can earn from your investments at a proper place at higher rate than your mortgage subtract
  
• mortgage interest are tax deductible
  
• You will be able to have more flexibility with your cash
  

I think if you calculate you will find this option better. But do consider the risk factor in investments in stocks. If you want to play safe and feel can't afford if you lose, then payoff first.

Feel free to ask if you have more doubts.

God bless you.

For MortagageFit,
Samantha

Hi Forestar53,

If you find that you are ready to take a loan at today's rates to invest then you may go ahead to keep your mortgage and invest in stocks. But if you are not prepared to take, then it is better to pay off your mortgage.

James Hogg