The Mortgage Pay Down Decision

Debt-free home ownership is a long held financial goal for many Americans. New homeowners are ingrained with the rule you must pay down your mortgage as soon as possible. And, paying off the mortgage is typically a high priority goal for most retirees. But, with the thirty-year mortgage rate under 4%, is the conventional wisdom of accelerating the pay down of your mortgage the best idea right now? Opportunity Cost. One way to determine if paying extra on your mortgage is a good idea is to determine the opportunity cost of investing it instead. Investors with growth strategy portfolios have expected annual investment returns between 8% and 10%. If you could have earned 8% - 10% investme

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