Is it important to pay off the loan on your home? - searchpartyproperty

Is it important to pay off the loan on your home?

My top 3 things to consider –

1. Will you still need to work if you pay off the loan on your home? The answer is likely to be – Yes.

2. What will you do once your home is paid off? Will you then, start your investing journey?

3. Is it more tax effective to use your savings towards a growth investment?

When it comes to making the decision to pay down your home loan, look at all the options available, assess your level of risk, and determine what your hoping to achieve in the next 5 to 10 years.