Invest Or Pay Off Mortgage?

Reasons To Keep A Mortgage

If you need your disposable income to pay medical bills, save for retirement, save for kids’ college or to buy a new vehicle, it may make sense to keep your mortgage. You do not want to go further into debt to fund any of these items or reach the age of retirement without any nest egg. Your mortgage interest rate may also be much lower than the interest rate charged on credit cards and other forms of consumer debt. As a result, keeping your mortgage and instead investing money into savings or other securities may make sense.

Continue reading to learn about some of the significant benefits investing brings.