Pay Off Your Mortgage Early or Invest Instead?

📲 Book a call with me to talk real estate: https://clarity.fm/griffinmilks ► My FULL Real Estate Investing Course (LIMITED TIME SALE!): https://www.udemy.com/course/creating-wealth-with-real-estate-investing/?couponCode=GETWEALTHY In this video, I'll be covering some of the advantages of fully paying off your primary residence's mortgage early vs investing those funds in the markets or other asset classes. Considering the low-interest rates, does it make sense to pay off your home's mortgage early? Find out in this video. ► Get 3 FREE Stocks on Wealthsimple Trade (Up to $4,500 each): https://my.wealthsimple.com/app/public/promo?code=griffinstock&locale=en-ca ► Get $25 for FREE on Addy (Crowdsourced Real Estate): https://canada.addyinvest.com/referral_gateway?addyHandle=$griffinmilks ► Get $150 with M1 Finance 🇺🇸: m1finance.8bxp97.net/WDRenA ► Get $50 for FREE with Wealthsimple Invest 🇨🇦 (ETF Brokerage): https://wealthsimple.sjv.io/KY7mN ► Get $50 in Free Trades with Questrade 🇨🇦: http://www.questrade.com?refid=5cc1f638589bf My Digital Products and Resources: ► LIMITED TIME Get 25% OFF My Stock Market Investing Course 📈 (Use code INCOME): https://www.griffinmilkscourses.com/course-page ► BOOK A 1: Call With Me: https://clarity.fm/griffinmilks ► Track Your Net-Worth & Stock Market Returns 📊: https://www.griffinmilkscourses.com/spreadsheet Other Real Estate Videos On My Channel: How to BUY Your First Property: https://youtu.be/kYdxxY7Fsnw Save or Invest Towards House: https://youtu.be/NRXwf8OUzzk In this video, we speak about the pros and cons of paying off the entirety of your mortgage on your primary residence considering the current low interest rate environment. Entirely paying off your mortgage may be something that you strive for to allow for greater financial freedom, but does it make sense financially? Should you be focusing on paying off your house or investing instead? It really depends on the terms of your mortgage loan, the interest rate, your financial situation, and other psychological factors that may come into play. For many, having a fully paid off home can be invaluable and allow for a much higher saving rate. If you enjoyed this video, make sure to give it a like and subscribe to the channel for more investing content. My goal with this channel is to help all my viewers get one step closer to financial independence. Socials: 📸 Instagram: instagram.com/griffinmilks 🎶 TikTok: vm.tiktok.com/ZMRHAyCne -Griffin #HOUSE #REALESTATE #INVESTING ______ Pay off mortgage, mortgage debt, paying off house, should you pay off mortgage, how to pay off mortgage, should you pay off house, paying off omrtgage, mortgage free, interest rate ______ ⏰ Time Stamps: 0:00 Introduction 1:20 Financial Factors 1:37 Lower Cost of Living 2:35 Early Retirement 3:35 Higher Savings 4:18 Impact on Net-Worth 6:20 Mortgage Interest 9:20 Opportunity Cost 12:00 Psychological 13:20 What About Me? ______ Disclaimer: This video description contains affiliate links, meaning that if you click on a product link, I may receive a commission at no additional cost to you. I do not promote products, services or companies I have not personally used or those which I do not recommend. All opinions are my own.