If a person had the cash to pay off their personal house loan should they pay it off or invest the money?

I have been told that it would be better to invest.

It depends on one's situation. How much is outstanding, what you can get on investment return, what % interest your paying, amount of interest claimed on taxes. Lots to consider.

Pay off the house...invest the house payment. If the s__t hits the fan you still have a house.

Assuming you have an emergency fund of 3 to 6 months of expenses, you should probably invest rather than pay off your mortgage. If you are close to retirement, then paying off your mortgage probably makes sense to reduce your monthly expenses.

If you would like to get rid of your mortgage early try putting half of your monthly savings towards your mortgage principal and half towards investments.

You should pay off the house so that if something went wrong you would still have the house.

I would invest the money in short term CD? something else maybe. Anyway lets say your home loan is 6% and your investment makes 3%, you are only paying 3% for your home loan and you have the house and your money.

If you have a $100,000 outstanding loan at 5%, and you had the finances to pay off the loan. you could expect investing to the better option as long as you can guarantee a 5% or better return due to the tax benefit of itemized deductions. If on the other hand your home loan is variable you should pay off the loan or refinance before interest rates climb.

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