Paying off House mortgage vs putting money in the stock market

I think the best thing is to pay off your mortgage for these reasons.

1) peace of mind
2) it is no risk investment
3) the amortization schedule results in paying twice the purchase price of your home before you actually own it

Some say that paying off your mortgage is a bad financial move. They claim that you will get a higher return on your money if you invest your money instead of making extra mortgage payments. There is a chance that you will achieve a better return, there's also a chance that you won't. It is hard to get a better safer return than 6%, conservative investors will take the safe bet. As far as the tax write off, that doesn't hold logic either.

Posted By Steve Harris on October 23, 2007 at 13:48:54:
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