Question Pay Down Your Mortgage Or Invest

Dated: 03/27/2018

Views: 234

Have extra cash? Should you invest it or use it to pay down your mortgage? When you pre-pay part of your mortgage, you end up paying less in interest. But as a result, you also lose part of your mortgage-interest tax break.

Your true savings, then can be expressed as the difference between your mortgage interest rate and the rate at which you take your deduction (a function of your total marginal tax rate). If that net percentage figure is less than the amount you could make investing the cash, you might be better off investing it. Talk to your financial adviser! If in fact you determine you would be better off investing your extra cash, let's talk about finding you some real estate investments to supplement your portfolio!

Give me a call!

Realtor Ken - Keller Williams
727.510.1624 cell

Want to Advertise on this Site?

Latest Blog Posts

Kitchen Fire Safety

Kitchen Fire SafetyThere are a number of potential causes of kitchen fires. There are the usual fire hazards such as electrical shorts, but you also have kitchen-specific risks such as splashing oil

Read More

3 Out Of 4 Millennials Think They Know How To Sell A Home THINK AGAIN

3 out of 4 millennials think they know how to sell a homeIRVINE, Calif. – Jun 12, 2019 – More than three-quarters of millennials feel very confident about how to sell a home, but very few have

Read More

2019 Hurricane Season Prep Tips

June is the start of Hurricane season and about halfway through Sinkhole season. While none of the recent "named" storms from last year impacted Tampa, we'd still like to remind you of some of the

Read More

Overview Of Florida Real Estate Transactions

Making your way from the first tour of a property to closing the transaction can be a frustrating and complicated ordeal. However, you can take some of the confusion out of the process by being

Read More