Family Gardening - Wealth Connexion

Is Paying your Mortgage Off Quicker Really the Best Option?

Not so long ago one of the most effective, low-risk wealth creation strategies was to use spare savings to pay down a mortgage, either directly or via the well-disciplined use of an offset account. If your mortgage interest rate was 8% per annum, that’s the effective, after tax investment return this strategy delivered, substantially reducing the term of the loan and delivering big savings on interest.