25 January 2013
Thinking about investing? Try paying down your mortgage!
On our last Radio+ interview, one listener asked us a great question: “Is it better to invest to RRSP or pay down my mortgage?” There is no universal answer and each situation is different, so, please, talk to your financial advisor first, however, we came across with very interesting analysis and want to share it with you.
Many analytics are sure that today’s investing in RRSP is not a good idea. In the same time, having a mortgage becomes profitable. Moreover, it doesn’t really matter if home prices go up or down…