There are a lots of financial experts who are encourage homeowners to put their extra money into specific retirement accounts instead of paying off the mortgage loan early. And if financial experts is saying this then there must be something to it.
I look why so many financial experts are saying this. And you know what the reason is?
The grand reason behind this is that for almost 100 years the stock market itself has earned an annual rate of return which is on the 10% average. And this whole thing thing means that homeowners could very possibly earn more by investing in the stock market than from paying down the mortgage balance.
Keep in mind that there are some homeowners which are rite off their mortgage interest payments as a tax deduction which means they could get some of that money back at tax time.
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