Hi,
From peoples experience is it better to pay off a lump sum off your mortgage or invest it and hope for a better return?
I have a 140K to invest (180K if include SSIA), originally planned to reduce mortgage from 380K/33years (1855/month) to 240k/25years (1405/month), but was wondering if it is possible to get a better rate by investing in funds, apart from mortgage we have no other loans and monthly income would be 4K..i would like to see if seeing the full picture or am i missing something..would it be woth my while getting advice on the matter. peoples opinion/experiences welcome.
Cheers,
J
From peoples experience is it better to pay off a lump sum off your mortgage or invest it and hope for a better return?
I have a 140K to invest (180K if include SSIA), originally planned to reduce mortgage from 380K/33years (1855/month) to 240k/25years (1405/month), but was wondering if it is possible to get a better rate by investing in funds, apart from mortgage we have no other loans and monthly income would be 4K..i would like to see if seeing the full picture or am i missing something..would it be woth my while getting advice on the matter. peoples opinion/experiences welcome.
Cheers,
J