Pay off mortgage VS Tax Benefits of a mortage?

You can probably do a cost analysis... it really depends on the investment, the interest rate on your mortgage, and what the tax return is on identical situations. Generally, I think it tends to be better off to keep the mortgage, but if you plan to invest in riskier, higher-paying investments, it could be worth it.

Paying off the mortgage is much more beneficial to you. The money you invest will far exceed the tax benefits you get for a mortgage. Just remember with any investment there is risk, there are also investments that minimize the risk and although they grow slower the key thing to remember is that the investment is growing instead of costing you money as interest on a mortgage will.

For every dollar you pay to someone else for interest your tax advantage is what ever tax rate you are in. If you are 28% bracket and you have paid $12000. in interest this year you get a $3360. tax break. Woopee! You just parted with $8640 to make someone else rich.

Pay off the house - the cash flow that you paid your mortgage with can now be invested monthly - and you have taken a step to secure your future.

depends on what your mortgage interest rate is.... if it is low saw 5,6, or 7% best to not pay it off and invest the money into a good mutual fund...because on average the stock market will produce a gain of 10%

if your interest rate is higher than 10% pay it off, and then start to invest the money each month that you were paying on your mortgage into a good mutual fund.

pay off the mortgage,and invest the money

First, get Dave Ramsey's "complete money Makeover" e book. There must be some great information in there. i don't believe of you'll extremely keep $500 a month contained in the lengthy time period in case you re-finance for 30 years. you're telling me that you'll keep a complete of $one hundred and eighty,000 in case you re-finance your position? in case you already know a thanks to apply Microsoft EXCEL, you may receive Amortization tables for abode mortgages, college loans etc. There you may plug on your figures and get a concept what to do because this is going to calculate funds and stuff. It sounds favor to me, you're extra effective off to refinance your position for 15-2 a lengthy time period and take a private loan out for school prices. ask your self in case you extremely favor to nevertheless be figuring out to purchase that abode once you're seventy seven years previous? verify out different concepts, can the girls get a schollarship, can they attend an "In State" college, less extreme priced.