Dear Quentin, When I leave my job, would I be better off taking a $61,000 lump sum to roll over into an existing IRA or, ...

Whether to pay off debt or save for retirement is a tough decision. Learn how interest rates, emotions, and your financial ...

Opportunity cost is another crucial factor to consider when deciding between paying down your mortgage and investing. While ...

It feels quite fortunate when you have extra money before payday. And it naturally leads to pondering big financial questions ...

Got extra cash? Find out whether paying down your mortgage or investing it in 2025 gives you the bigger return, based on real numbers ...

PAYING a mortgage off early might seem like a pipe dream for most people. It’s typically the largest debt you’ll ever have, taking decades to pay off. But it is possible to make that dr… ...

When you take out a mortgage, you agree to repay the loan over a set timeframe, typically 15 or 30 years. Paying off your mortgage early can mean paying less interest, accruing equity faster and ...

Instead of paying off your mortgage early, find peace of mind with plenty of cash on hand. The hope is that focusing more on the cash you have on hand will help you find the path toward investing ...

2. Consider making micropayments Even if you never make a huge lump-sum prepayment, you can still pay your mortgage off early. Clinton Wilkins, team leader at Clinton Wilkins Mortgage Team in ...

Paying off a mortgage early is a common goal for Canadian homeowners. The route that’s best for you has many variables: how much you can prepay, when you’ll have the money, what your current ...

However, as a general rule of thumb, paying off a mortgage early is typically not going to be as good for your net worth as investing. Most people who got mortgages during or before the pandemic ...

For example, on a mortgage amount of Dh300,000, if the funds added to the account are Dh50,000 then the loan amount will be Dh250,000. The interest rate will be calculated on Dh250,000 only.