I have a side business I've been running for a year now and I make about $2,000-$3,000 per month. I'm 34 and about to buy a house and was wanting some advice.
I've currently been saving all my money, after reinvesting in the company to achieve growth to where I'm at, for my down payment. I make enough money in my main job to afford mortgage and all associated bills, so all this money is truest extra.
My current plan is to just pay down my mortgage loan as quickly as possible. It seems like I've heard that having a paid off house is not the best thing in the world to do with my money. To me it seems not having a mortgage is a huge step to financial freedom.
So my question is, should I pay off my mortgage, about $250,000, or is there another course of action I should take with this money?
Thanks in advance!
Submitted May 28, 2017 at 09:05AM by Work_high_earn_high http://ift.tt/2rbPE5m
