Should I Pay Off My Mortgage Early or Invest in Stocks? | The Answer is Clear!

Should I pay off my mortgage early or invest - real estate 101

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[trishcrr]

We paid off our mortgage when my husband was diagnosed with pancreatic cancer. That was three years ago. Praise God that he is in remission and we never regretted paying off our house! Get debt free. It's a great feeling!

[sangriabiscus]

When making additional mortgage payment, be sure the whole amount is applied toward the principle.

[BryceJohnson]

I'm 33 with a paid off 350k house. Love it!!! I have peace and I'm very happy. I could have "made more" investing somewhere else. But I'm ok with it. I can now invest more of my paycheck each month because I have no mortgage.

[deviildogg]

Personally, there is nothing better than peace of mind. I had enough to pay off my mortgage in full in mid 2019 and so I decided to pay it off rather than invest it. It ended up being a good move since we had the massive sell off in March 2020. Once that happened I bumped up my 401k contribution at work to 15% and used about half of what my mortgage was to build an emergency savings and build a stock portfolio.

[dominiquec]

37 yo single mother of 3...Paid off my home in 11 years.. At first was just happy with a normal 30 year mortgage since I was young enough 25....Bought house after divorce in 2009 with 5% interest...Saved 85% tax returns for 4 years & was blessed to buy 2 rental property cash with long term tenants...Took that and tripled my monthly mortgage and paid it off last year! I still work my 9-5 so I have 401k and IRA and company stock..also Acorn for myself and children....So now I pay my mortgage but to myself and collect rental income....This year we started to invest a little more for long term but we continue to live below our means and stay comfortable being at home and watching movies together...We have peace of mind ❤️

[Recovering_Californian]

A paid off house gives you so much freedom and breathing room.

[stevenmunizich]

I paid 50% of my mortgage off in the first 6 years. Because the rule of 78s on mortgages is front loaded with most of the interest, I’ve slowed down on paying off the loan and have been investing more.

[deepasethi]

Thank you! This question always used to bother me. You explained it so well.

[chewie]

That is the BEST and SMARTEST answer I have ever heard on PAYING OFF MORTGAGE VS INVESTING.

[jamesmcleod]

In my personal opinion, it's always better to pay off your house and land. Then, if you decide to invest, and lose everything you put in, your house is still yours. My grandfather always said, "you can't build a life without a solid foundation" that's why I paid mine off 6 years ago

[G.george.glass]

We refinanced last year at 2.5% and 15 year term. Only 14 years left! We bought the house in 2016 so essentially took 10 years off the term.

[Horizon]

Thank you much. I have been researching this question for sometime and not a satisfactory feedback as I needed to have. Your explanations were to the point and easy to understand.

[DEEZEEMTB]

I hope everyone appreciates this straightforward and sound advice. Excellent!

[mytrureviews]

I’m new to your channel but I love the information and advice that you share and give. Keep doing what you’re doing.

[HamaP]

This was hands down one of the most informative financial videos I've ever watched! Keep it up, Brian.

[figy]

I really enjoy these examples, over the past year I've looked over my debts, spending and comparing on how things end up with different decides. I've came to same conclusions for some of these but I'm still learning other little things.

[aware]

I lost 40K investing, should’ve put it towards my mortgage, investing isn’t guaranteed.

[tinkeralexander]

Thank you for putting the emotional part into this equation. Debt free is a major life goal for many people, and worth the maybe profit of investing in stocks. Always having an emergency fund is very important, but paying off your home will always benefit you. In the long term, house values rarely drop, and money in your house can pay off more over the long term.

[Bambarbia]

I'm following the math approach. My mortgage is 2.75% and stock market earns 8-10% over long term. Given lower capital gains tax and mortgage interest deduction, the difference is significant and choice is clear - paying off cheap mortgage is waste of money. However, I completely understand that many want peace of mind in having fully paid off house. Especially if you are near retirement age and market investments become too risky.

[neskorock]

My mortgages is 2.1% rate. 15 years, I can payoff, but I think I will just keep the cash for the opportunity coming up.