Real Estate

Using TFSA to pay down the mortgage?

  • Last Updated:
  • Aug 29th, 2019 6:34 pm
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Jr. Member
Sep 27, 2012
199 posts
117 upvotes
GVA
I was in the same situation as OP and I also don’t like the debt. I decided to pay mortgage though I know financially it does not make sense due to current low rates. But lower debt gives satisfaction and I feel less burden on my shoulders. Everyone is different.
Deal Addict
Jun 7, 2017
1043 posts
832 upvotes
BC
Jeremyl007 wrote: Index Fund 8-9% over 25 years... mortgage rate.. currently 2.6% over the next 5 years... + the 8-9% is tax free increase in your TFSA.
You sound young. Post-80s for sure.

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