In this episode we explore a scenario in which Matt has the option of completely paying off the mortgage of his next personal residence. He wonders aloud how best to approach having funds to invest with the financial peace of mind that comes with paying off one’s mortgage. Kyle and Jon share some incredibly creative ideas on how to maintain financial flexibility while enjoying the comfort of having a minimal mortgage.

What you’ll learn:

Should I pay off my mortgage in full?
What happens after my mortgage is paid in full? What options do I have?
What amount of a split between HELOC and traditional mortgage is optimal for me?
Should I choose a variable mortgage rate or fixed rate in this economic climate?
How do I diversify my investment portfolio for my personal situation?

Resources:

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Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

You Paid Off Your Mortgage? Now What?