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Reply to "Why not pay down the mortgage?"
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[quote=Anonymous]It really comes down to the after tax return. If you can get an after tax return of 5-6% investing the $700,000 you will be better off not paying off the mortgage. But 5-6% after tax is pretty high in the current market. Another consideration is your real estate market. If it's flat and you pay off the mortgage you will have a large amount of your net worth tied up in a no appreciation asset. If you are in a hot market that's a different story. It's very comforting to have no debt but it may not be the best way to build net worth. [/quote]
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