Should you use TFSAs and savings to pay off your mortgage?
It’s important to consider whether your TFSAs are earning more than you’re paying in mortgage interest, as well as how close you are to retirement.
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It’s important to consider whether your TFSAs are earning more than you’re paying in mortgage interest, as well as how close you are to retirement.
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Thank you for this insight.
I assume the same logic applies when asking “Should I sell my solid low-cost TFSA assets to use as a mortgage down-payment?”
I can probably get the home I want now, without having to sell my TFSA asset, but if I can’t find a home I’m happy with, I may consider selling my TSFA assets to increase my home options.