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re: Pay $1,000 extra to house or invest?
Posted on 6/15/16 at 11:21 am to statman34
Posted on 6/15/16 at 11:21 am to statman34
Because mortgage interest is tax-deductible and as long as you invest in a product that is over 3.5% you win.
You can put thee thousand a month into some type of investment that yeilds more than 3% and when the time comes that the investment is the same as the principal then pay off the house if it means that much to you
You can put thee thousand a month into some type of investment that yeilds more than 3% and when the time comes that the investment is the same as the principal then pay off the house if it means that much to you
1
Posted on 6/15/16 at 3:50 pm to Kujo
If you are maxing out Roth and any retirement accounts I see no reason to throw an extra few hundred dollars a month toward the house. It's guaranteed savings.
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