Gabe T. asked whether he should prepay his mortgage or invest in the stock market. Scott Wynn runs the numbers and we think you’ll be surprised by the answer.
Many people wonder if you should payoff your mortgage early or use that same money to invest in the stock market where you might be able to get a better return on your investment. Rather than just looking at it from a high level we run the numbers and do the calculations to show you what it would look like in the next 5 years and 15 years down the road!
S&P 500 Return Calculator: https://dqydj.com/sp-500-return-calculator/
Compound Interest Calculator: https://www.investor.gov/financial-tools-calculators/calculators/compound-interest-calculator
Whenever you’re ready…here are some ways we can assist with your next home purchase:
📙 Download our Homebuyer Guide: Things to Consider When Buying a Home.
🤑 Get the list of the No & Low Down Mortgage Options (in Colorado) so you can purchase your next home with less money than you thought possible.
🚀 Want a boost in your credit score? Most advice about credit is generic or misleading and can hurt your home loan qualifying position. Take advantage of our Credit Booster Program and we’ll provide the exact steps you need to take to boost your credit score fast with a home purchase and mortgage pre-approval as the top priority!
⛰️ Want a pre-approval that makes buying a home easy? Find out how our Rock Solid Pre-Approval provides you with the confidence you can buy a home and are utilizing the best home loan option to do so.
Wynn & Eagan Team at Citywide Home Loans
This is not a commitment to lend. Program restrictions apply.
11990 Grant Street, Suite 120, Northglenn, CO 80233
Visit https://www.lendingahand.com/about/licenses/ for detail on our licenses.