If you're deciding whether to pay off your mortgage early or invest, it boils down to one thing: interest rates

If you have cash to spare and are considering whether to pay off your mortgage early or invest, look at the interest rates, says a financial planner. If the rate on your mortgage is higher than investment return estimates, pay down the debt first. But if you're open to refinancing your mortgage, that's usually the best option. Your interest rate will then be lower than what you could earn in the markets and you can invest the savings from monthly payments plus any other extra income.

If you have cash to spare and are considering whether to pay off your mortgage early or invest, look at the interest rates, says a financial planner. If the rate on your mortgage is higher than investment return estimates, pay down the debt first. But if you're open to refinancing your mortgage, that's usually the best option. Your interest rate will then be lower than what you could earn in the markets and you can invest the savings from monthly payments plus any other extra income.

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