Is it better to payoff your mortgage or to use the money in other investments?

Investments are no guarantee to earn big money. If you are paying high interest rate in mortgage, it's better to payoff your mortgage. If you are paying low interest rate in mortage, you may try to invest your money into others. However, if your mortgage is like 30 years loan, you are still paying a lot of interest although you interest rate is low. Don't buy into theory like it's better to invest your money than paying your house. You'd better off if you can actually calculate how much interest you paid and how much % you will probably earn in other investments before you make that decision.

It's a great feeling once you pay off your house though.

Invest in something else.

If you can earn more in interest on your investments than the interest rate you pay on your mortgage, make the investments.

Use the money in other investments.
If you want to discuss privately your investment options drop me a line.

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