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Updated about 1 year ago on . Most recent reply

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Gustavo Delgado
  • Houston, TX
147
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Should I pay off my balance?

Gustavo Delgado
  • Houston, TX
Posted

Quick poll: just Yes or No

I have a managed account with chase that has been growing with the stock market. I also have a mortgage balance on a rental at 4.5% I got back in 2015. The account has been growing and is about to match/surpass the balance on the mortgage. I am tempted to payoff the mortgage if this happens. Would you pull the trigger? ( I don't want to get too much into the weeds and possibilities of other options that may be available, so I kept this question very simple for feedback)

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Theresa Harris
#3 Managing Your Property Contributor
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Theresa Harris
#3 Managing Your Property Contributor
Replied

No.  You are making more on that money investing it than you'd save in interest payments.

  • Theresa Harris
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