Should you pay off your mortgage or invest?

Valentina Michelangeli

Economics Letters, 2012, vol. 115, issue 2, 322-324

Abstract: The mortgage payoff dilemma affects many retirees that have enough financial assets to pay off their mortgage. I find that, on average, retirees with less than $300,000 in non-housing financial wealth are better off keeping the mortgage and investing.

Keywords: Mortgage; Welfare; Elderly (search for similar items in EconPapers)
JEL-codes: G21 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:115:y:2012:i:2:p:322-324

DOI: 10.1016/j.econlet.2011.12.021

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