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Pay Off Your Mortgage or Invest? Why I Chose a Different Path
Description
Should you pay off your mortgage or invest? I had a paid-off home, and in January 2021 I took out a $380,000 30-year fixed mortgage at 2.625% and put the money into the S&P 500. Dave Ramsey would say that's crazy. Here are my real numbers, the 2022 drop that tested me, and the twist: the exact same decision made in 2000. Your choices determine your outcomes. Paying off your mortgage or investing isn't one-size-fits-all: leverage works for you or against you, so run your own numbers and seek wise counsel. Figures are illustrative, before taxes; past results are no…
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Educational content only, not a loan offer or rate quote. Dan Frio | NMLS #246527 | PBT Bancorp | NMLS #257781 | Equal Housing Lender | 524 Main St, Hazard, KY 41701. Mortgage products are originated by PBT Bancorp, NMLS #257781.