Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Cash sitting in the bank -- invest it or pay down the mortgage?

tvp2003 · 02-25-2008, 05:19 PM

I'll preface this by saying that I can see myself moving in 5 years, which is why I'm looking at that as a financial signpost.

If interest rates go up when my mortgage becomes due (or even 10-15 years down the road), wouldn't my return be higher than the 5.1%? Or even worse, if I invest in an aggressive, longer term portfolio (i.e. with a 25 year window in mind) but the market is down when my mortgage is up for renewal or for some other reason I need that money?

02-25-2008, 05:19 PM	#6
tvp2003 Franchise Player Join Date: Mar 2006 Exp:	I'll preface this by saying that I can see myself moving in 5 years, which is why I'm looking at that as a financial signpost. If interest rates go up when my mortgage becomes due (or even 10-15 years down the road), wouldn't my return be higher than the 5.1%? Or even worse, if I invest in an aggressive, longer term portfolio (i.e. with a 25 year window in mind) but the market is down when my mortgage is up for renewal or for some other reason I need that money?