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

V · 02-25-2008, 05:29 PM

If you decide to invest without paying down the mortgage first you will have to pay the same amount of interest, just none of it will be tax deductible. Pay the mortgage first, and then use the equity to invest and the interest on your borrowed money is deductible.

02-25-2008, 05:29 PM	#8
V Franchise Player Join Date: Feb 2005 Exp:	If you decide to invest without paying down the mortgage first you will have to pay the same amount of interest, just none of it will be tax deductible. Pay the mortgage first, and then use the equity to invest and the interest on your borrowed money is deductible.