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Updated 12 months ago on . Most recent reply
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Should I pay off my balance?
Quick poll: just Yes or No
I have a managed account with chase that has been growing with the stock market. I also have a mortgage balance on a rental at 4.5% I got back in 2015. The account has been growing and is about to match/surpass the balance on the mortgage. I am tempted to payoff the mortgage if this happens. Would you pull the trigger? ( I don't want to get too much into the weeds and possibilities of other options that may be available, so I kept this question very simple for feedback)
Most Popular Reply
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No. You are making more on that money investing it than you'd save in interest payments.