If you are a decent investor, you should be able to get around 6% annually on average over a 20 year period. Notice that I said ON AVERAGE. However, if you take a big hit in any of those years, like what happened last year and early this year, not only will you make less than 6% annual returns, but you'd lose a lot of your money.
So the chances are good that you'll come out a little ahead by investing wisely and consistently over the next 20 years. One lucky strike, and you'd be ahead by a lot. One bad year like last year, and you'd be way behind.
Want to hedge your bets--or as we save in the investment world--diversify? Put half of it into the financial markets, and half into the mortgage. You'll save a little on your mortgage interest, and you'd have a little play money to try and beat the 6% benchmark. Both your upside and downside would be somewhat limited.
You can make at least 36% annually in Mexico (In USD) then take the 6% to pay your mortgage, reinvest 15% and spend the rest.
Did you know Carlos Slim Helú from Mexico is currently the third wealthiest person in the world and Mexico?
If you need more detailed FREE information then you can email me.
I would not pay off a house unless you were older. Make one extra payment a year on your house you'll save $100000 over the life of the loan. I'd take the money to a pay for service financial planner and let them plan the use of the money for life, taxes, and your future.
Be smart with your money.
The answer is rather simple and does not need a lot of words.
If you make at least 6% by investing, you are better off using the money in the market place than paying off a home loan sooner.
Money can help you make more money, so why not use it for that purpose?
I wouldn't;t use it on my primary mortgage - all that would do is shorten the life of the loan, it wouldn't help reduce you monthly payment any - I would use it to pay off my land loan, 2nd mortgage and 2 rental properties I own - that would clear up over $750 a month in cash
what if your money made you 1 - 10% or 10% to 200% per month
with no risk at all,what if you dont need to work and just enjoy life
what if you can watch your wealth growing while you are having fun
visit myfxfunds dot com
A good article on this site about the power of making money investing through compounding interest. Hope it helps:
http://makingmoneyinvesting.blogspot.com…
Invest. Retirement arrives before most people are ready
Let it grow in the market for 20 years, AS LONG AS the 5% is FIXED.
I would pay off my house--my goal is to be debt free ASAP