Saskatoon Mortgage Broker shares article on how to decide whether to pay off your mortgage

How to Decide whether to pay off your Mortgage

August 13, 2015, The Wall Street Hournal, Ted Jenkin

One of the more difficult questions I get from both younger and older people alike is whether or not it is a good idea to pay off their mortgage.

With interest rates still hovering around all-time lows, many people are still in the process of refinancing the mortgage on their existing homes or buying a new one. If your interest rate is in the 3% to 4% range, you may be wondering if you should take your excess monthly discretionary income to pay down your home note faster. Or would it be a better idea to take that cash and invest it for the long term? This decision has both financial and emotional ramifications.

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