Invest Or Pay Off Mortgage?

Which One Is Best For You

As you can see, there are pros and cons associated with investing versus paying down your mortgage. The decision is a function of your disposable income, life situation, occupation, and retirement objectives. Sitting down with a qualified financial planner will help you determine your risk appetite and the amount of money you can invest, given your budget and need to pay down your mortgage. The decision you make should be part of an overall strategy designed to maximize your financial well-being and future ambitions.

Paying off your mortgage is viewed by many as the safe choice, but others think investing makes mathematical sense, and accepting a certain level of risk is worthwhile. The choice ultimately rests on your risk tolerance and overall financial goals, and choosing which one is best for you and your family is a wise decision.