Mortgage Investment and Interest Rates

Summary: Let's begin with the premise that you are a homeowner, have a mortgage and have at least a small amount of money left each month to invest. Where do you invest it? You'll want a safe investment that pays more than those bond funds. It would be nice if your investment compounded monthly. How about accessibility? Yeah, that's very important. No problem.

Invest in yourself - Invest in Your Own mortgage and reduce those interest charges. Let's begin with the premise that you are a homeowner, have a mortgage and have at least a small amount of money left each month to invest. Where do you invest it? You'll want a safe investment that pays more than those bond funds. It would be nice if your investment compounded monthly. How about accessibility? Yeah, that's very important. No problem. The baby boomer generation were taught that having savings is good and that it should be put safely in the bank. Even if the bank became insolvent our money is insured by the FDIC up to $100,000. So all we had to do, if we were lucky enough to have more money than that was to open account at another bank. Only problem is the interest that the banks pay on savings or even certificates of deposits is, at most 5.5% AND is taxable. An alternative to Stocks, Bonds and Mutual Funds could be just putting the funds you may otherwise invest in these methods and pay down your mortgage. So in other words