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Updated almost 6 years ago,

User Stats

17
Posts
4
Votes
Eric Traboulay
  • Flipper/Rehabber
  • San Diego, CA
4
Votes |
17
Posts

Pay off house early or Invest $$ in 7% fund?

Eric Traboulay
  • Flipper/Rehabber
  • San Diego, CA
Posted

Hi Everyone,

I'm looking for some advice (Pros/Cons) whether I should invest my extra income into a savings vehicle that will essentially guarantee me a 7% return annually or if I should put the extra money to paying down the mortgage on my home. I really want to retire early and since the Mortgage is the biggest hit to my monthly income, not to mention the interest expense, I was thinking that should be my first plan of attack. Any ideas or insights which path would be most beneficial?

Thanks in advance.

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