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Is there more of a benefit to me to pay off my 10 year fixed mortgage a year early, or should I look into other investments?

by s.peters371 from Ridgefield Park, New Jersey. Dec 2nd 2015 Reply


Peter Rinnyk (prinnyk)
#62 ranked lender in New Jersey - 20 contributions

This question should be asked to your licensed Financial Adviser

Dec 2nd 2015
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Larry Gray (lgray_312_247)
#597 ranked lender in California - 1,139 contributions

I agree with Peter Rinnyk that you should get the advice of a financial advisor who looks over you entire situation. that could be your accountant if you do not have a regular financial advisor.

Dec 2nd 2015
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

You can ask your financial planner, but most will say your better off with a mortgage than without.. You can borrow against a home, depending on your terms, credit scores etc, at 4.5% or less.. if your investments have historically netted returns greater than 4.5%, then your better off with a mortgage and have as much money working for you as possible.. Also, with a mortgage, in most cases, the interest is tax deductible.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Dec 2nd 2015
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