AZ Real Estate 08-27-2017

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INVEST, OR PAY OFF MORTGAGE?

GETTY IMAGES/ISTOCKPHOTO

HAL M. BUNDRICK NERDWALLET

Should you invest extra cash or use it to pay off your mortgage? It’s a heated debate that rivals French press versus pour-over coffee and “Star Wars” or “Star Trek.” But while all three topics might get passionate believers on both sides all worked up, investing or paying off your mortgage is a choice with serious financial consequences. Here’s how to know which way to go.

The six variables to consider To decide between the two, Justin Goodbread, a certified financial planner in Knoxville, Tennessee, suggests you consider six variables:

» Your home’s current market value » Your mortgage interest rate » Home appreciation in your area » Your income tax rate » Expectations for inflation » An assumed rate of investment return In an analysis on his blog, Financially Simple, Goodbread used national averages for these six parameters to compare different scenarios between investing and paying off a home loan early. The math on each of these what-ifs favored investing over paying off a mortgage. But, of course, Goodbread says the real answer to See INVEST, Page 6R

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STUNNINGLY REDONE. Situated on almost an ACRE MLS# - 5642393 cul-de-sac lot, this incredible remodel is sure to please with Bedrooms - 5 stylish touches that include new wood-look tile, fine fixtures, tremendous Travertine and Pella doors/windows. Chef pleasing, Bathrooms - 4 Pool - Yes the all-new kitchen has ogee-edge granite, custom cabinets and Viking Professional appliances. Nestled at one end of the split Sq. Ft. - 3,851 plan, the welcoming guest suite features a private entrance and Parking - 3-car full kitchen! For relaxation, retreat to the sitting-room master. Lot Size - 35,357 sq. ft. An entertainer’s delight, the back yard oasis has mountain ZIP Code - 85260 views, a spa, BBQ kitchen, an updated salt water pool and lush landscape. Three-car garage with epoxy floors. RV gate/ Online Pics - ThoseCallaways.com parking. Bonus wholly-owned solar. - Joseph Callaway Price - $1,025,000

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PHOENIX | 3530 East Robin Lane | Open Today 1–4PM

AVIANO AMBIANCE. A premier location and designer details MLS# - 5641570 throughout truly set this elegant home apart. Wonderfully Bedrooms - 4 situated in a quiet cul-de-sac and nestled adjacent to a gorgeous greenbelt, there’s no neighbor to one side! A gated courtyard Bathrooms - 4 Pool - Yes invites you in. A marvelous culinary space, the eat-in island kitchen is dressed in gleaming granite and stainless appliances. Sq. Ft. - 2,856 The generous plan features a light-and-bright living room, cozy Parking - 2-Car Garage family room, formal dining room and sunlit breakfast room. Lot Size - 11,572 sq. ft. Master suite and bonus private-entry suite. The backyard ZIP Code - 85050 oasis has mountain views, a sparkling pool, lush landscape, paver patios, a fire pit and a built-in BBQ. Spectacular Aviano Online Pics - ThoseCallaways.com community amenities. - Joseph Callaway Price - $635,000

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