Should I pay off my low-interest rate mortgage or should I pay the minimum P&I and invest the money?

November 22, 2014

This hits on a topic that I consider to be as much personal as it is financial. 

 

Financially speaking, a low-rate, long-term mortgage can provide you an inflation-hedge that simply isn't available elsewhere. It can provide you a significant opportunity to save and invest in other assets, while allowing you to gain in the appreciation of your home. 

 

The key to that is a long-term view, and that you are disciplined enough to invest the difference in an overall plan that earns an after-tax rate of return above the tax impact of your mortgage interest. 

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