Have 800k mortgage and 800k cash in hysa. Should I pay the mortgage off or there are better options since Stocks are at ATH ?
Incomplete info, what is interest % on the loan? If higher than hysa then maybe if not why would you.
If your home loan interest rate is lower than your APY in you HYSA, then you’re leaving easy guaranteed money on the table. If not having a loan and being debt free is that enticing to you, then go ahead and pay it off.
Financial wisdom says that you should invest that $800k in low cost broad market ETFs and only make minimum payments on your loan - given that its APR is low.
Invest the money in the market. Wait for the rates to drop and refinance. If your rate is low just keep it long term.
This is the worst advice as it’s wishful thinking. By “Invest in the market” you suppose that it will guarantee a high return but stock market can move sideways for a very long time (look Japanese market as an example). “Wait for the rates to drop” - what if they never drop? The low rates of the past 10 years were an exception if you look at the rates for the whole century.
And...invest in the market right now after a 50% run over the past year..driven by 5-10 companies? Stonks always go up, bro!
Peace of mind > financial value. Maybe pay off half.
Depends on your mortgage rate. If HYSA yield covers mortgage rate it’s better to keep cash in HYSA as it gives you more flexibility.
Too many unknowns. What's your interest rate, what's your TC, other assets, etc. Impossible to answer correctly without the complete picture. Also, stocks are almost always at an all time high.
Pay 20K every month.
Pay it off if your interest rate is over about 3.15% You could buy a tbill and get 5% interest. After 37% tax that's 3.15% so if your mortgage interest is more pay the mortgage otherwise buy the bond
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I have a 30yr locked at 2.25%. My hysa gives me 4.5% why would I payoff the mortgage?