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Pay off house or buy bond to pay off house

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Aug 25, 2013 2:25 pm

watchtower7777

Joined: 2013-08-25Offline

Newbis FA here, I have a client with $100k in ETFs as a conservative portion of his portfolio, @20%, I can take the money and invest in a California GO and generate enough income to pay his house payment and property taxes for 20 years until paid off or pay off the loan and invest $34k.
Which is better?

Nov 27, 2013 10:30 am

amanthapeterson

Joined: 2013-11-09Offline

According to me Paying off the mortgage early is in. Refinancing to take money out of your home is out. Having lived through the foreclosure crisis, more people want the security and the psychological benefit of owning their home free and clear. Such an important thread it is.