I'm making initial mortgage payments and I don't plan to keep the house for 30 years (5-10 years max). The money I get as a one-time payment (like Tax return or Bonuses), should I use it towards my mortgage principal and increase equity or do I make other investments like buying stocks/ETFs? In my current financial situation, it is not possible to pay off the whole loan in 5-10 years, i.e, before selling the house.
Any advice you can give me would be helpful. Thanks.
Edit: My interest rate is 6.125%
Submitted February 20, 2024 at 11:11PM by sikdertahsin https://ift.tt/Bzwma1p
