Pay off mortgage or not
Submitted by uday on June 24, 2020 - 10:57amWe need to look at this from investment point of view. Treat paying down a loan like a bond investment and compare to other options.
Advantages of early pay-off
- One less bill to worry about. Peace of mind
- Simplified life. No need to budget for mortgage payment
- Guaranteed, zero-risk return for bond equivalent to mortgage interest rate.
Disadvantages of early pay-off