Me and my wife are having trouble determining if we should start making extra payments on our mortgage or just put the money in an index fund. Iv seen advice supporting each argument. We are 4 years into our mortgage and we might want to move in 2-5 years however we might just want to fix up some things and live in our current home for a while. Our current mortgage is very low compared to our incomes and lifestyle. With recent changes to the tax code I think we will no be just using a standard deduction. I also have a decent amount of money tied into stocks and mutual funds so it seems like a safer way to diversify a bit even if the stock market overall has a potential for better returns. The money we would be investing would most likely be used for a down payment at some point in the future. So what's the way to spend the extra money and does that change depending on how long we stay in our current home? Any thoughts or advice would be greatly appreciated.
Submitted December 27, 2017 at 12:56PM by Beagleoverlord33 http://ift.tt/2E1WJts
