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

[Eric Traboulay]

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.

[Ciprian L.]

What is your mortgage rate? If is less than 7%, invest the money and when you decide to retire, pay the mortgage all at once with the money that you invested in the REIT.