Wouldn’t it be better for me to save my money or invest in CDs or savings bonds instead of paying off my mortgage?
At this time, with low interest rates and fixed mortgage interest rates at about 6.5% it is hard to find a good return for your money. You would have to invest in stocks, non-government bonds, mutual funds or real estate to get higher rates of return. However, all of these investments come with risk. Paying down your debt is risk-free and the return on your investment is immediate. When your mortgage and debts are paid off in six to ten years, just think about all the money you will have to invest at that time if you choose.
