Should you pay down your mortgage or invest in the stock market?
I just reviewed a great article that I wanted to share with you. And the answer to the above question .... it depends.
What is your mortgage interest rate? How long until you retire? How much money have you already invested in your TFSA or RRSP? Wealthsimple has put together a great summary and table that can help you decide. Take a look here
Sneakpeak: it's always good to pay down your mortgage to increase your equity so that you have options if you want to invest in other properties. And to decrease your overall debt as you head toward retirement.
DenisePosted by Denise Brown on