you're listening to Ramsey every day millionaires where we talk retirement

building wealth and outrageous generosity.

Next we have Heather in Denver. Hey Heather welcome to the show.

Hi ladies thanks for taking my call.

Absolutely.

So my question is from currently on a 30 year fixed rate mortgage at a rate of 2.625%.

After getting connected with Dave we're trying to pay that off early and our goal is to

put an extra 12 thousand towards that mortgage a year.

We were talking to a financial advisor who brought up putting that extra 12 thousand

dollars into a brokerage account with the goal of paying the mortgage off in 15 instead

of 30 and then the interest that's earning money on the brokerage account for interest

for 15 years and then whenever we have the rest of our mortgage or at that 15 year period

then pull out the remaining balance of our mortgage to pay it off at that point.

He said because with the interest with our mortgage interest rate being so low in the

interest rates we get on a brokerage account that he think we'd actually end up making

out better and still being able to pay the mortgage off early.

I was wondering what your guys thoughts were on that.

Yeah so financial advisors they love math.

So I did just through all those numbers at me.

Yeah and I would say mathematically Heather I get it right like we're not dumb we see

the math and we're like okay yeah I understand that but what is not factored into all of

this is risk that when you have a house payments there is still there's a level of debt that

...