This post has been de-listed
It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.
Depending on the source, I've seen people report the average stock market return is 7-10%. Current 30-year fixed mortgage rates are around that range. Suppose that, hypothetically, they're the same at X%.
Would it be the more financially advantageous move to pay off the mortgage as aggressively as possible since it's a guaranteed X% rate of return on every extra dollar you put towards the principal, or what are other major considerations to take into account that make it not so straightforward?
Thanks in advance.
A man I respect and who is financially well off told me years ago that a rich man owns his house, car, etc
He said a poor man always owes someone.
I paid off my first home in 7 years. I felt the most financially secure in those days even though I made less money.
Now I have a house loan. Even though it's 2.875% loan, i still pay extra every month.
There is of course so many variables in life.
Subreddit
Post Details
- Posted
- 1 year ago
- Reddit URL
- View post on reddit.com
- External URL
- reddit.com/r/financialin...
Yes!