Is it better to pay off my mortgage or invest my money?

Homebuyer's School

Which will have a better long term financial benefit? Paying off your mortgage or investing your money? In this episode, we talk with Mujtaba Syed, Mortgage Specialist with TD Canada Trust, and discuss which one is best for you and if you should save for retirement (or save in general) first or pay off your mortgage? We also explore if it's a good idea to withdraw your RRSP to pay off your mortgage.

Prefer to watch the video or read and take notes? See the transcript:

https://stories.brookfieldresidential.com/homebuyersschool/is-it-better-to-pay-off-my-mortgage-or-invest-my-money

We discuss the following items:

• Should I pay off my mortgage or invest?
• Should I save for retirement or pay off my mortgage?
  • Is it a good idea to withdraw any retirement savings or RRSP's to pay off/down my mortgage?
• Should I save my money or pay off my mortgage?

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