I took out a $255,000 mortgage a little over a year ago. It is a 30 year 3.25% fixed VA home mortgage. I don't have any other debts besides my mortgage, and I have my emergency fund built up. My question is...should I pay an extra $1,100/month and have it paid off on 07/2029 (my 50th birthday) and save $87,000 in interest payments, or should I invest the $1,100/month and stick to my regular payments. I understand 3.25% is a low rate and I can probably do better investing over the long run, but I would like another opinion.
Submitted February 13, 2018 at 04:15PM by shastabrad http://ift.tt/2F1SS02
