I looked at investing but that investment needs to consistently return more (after tax) than the mortgage rate.
Its better in my humble opinion to throw it all at reducing the mortgage amount; guaranteed return in avoided interest. No tax burden.
You are viewing a single comment's thread from:
The only problem with that is if you lose your income source and can't make the payments the bank doesn't care that you have been paying extra, they will foreclose.
If you put it aside until you have the full amount, yea you are paying mortgage interest, but you will knock it out in one swoop without any risk of foreclosure.
Life is risk; otherwise you arent truly living :)