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Looking for opinions on paying down mortgage
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Posted by Sam (more from Sam) on Tue, 2 Feb 2021 08:42:41 Share Post by Email
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Hi,
I hold Saabnet readers in the highest regard and would like to hear your opinions. Plus you’re easier to access than Suze Orman.
I just did a refi in order to take out money to reduce debt and better rate. Went for a 30 year. At 52, is it wiser to payoff mortgage early (add extra payments to knock off in 15) or to make the minimum payment and put money into stocks/funds/savings.
On one hand, I want to retire one day and not have a mortgage payment. On the other, at 2.8% why rush when you could invest. I will be disciplined either way. And of course, could stop high payment if a financial crisis.

Thank you all!!!!
Sam

posted by 47.18.23...
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