My mother in law is going to be adding an in law apartment to our basement and will be covering the costs to her renovation and will be paying $1,200 per month in rent. Would it be best to use that $1,200 to pay principal on my mortgage or invest in VOO or another investment? If I pay down the mortgage I will save $130k in interest and pay off my mortgage 11 years sooner, mortgage rate is 2.75%. Thanks for the advice in advance!
Submitted August 15, 2021 at 09:43AM by Dangerous_Pace2609 https://ift.tt/3AMNCJl
