Hey all! I am 3 years into a 30 year mortgage with a 3.5% interest rate and I owe about $160k on the mortgage. I probably will NOT live here for all 30 years of that investment.
I've seen some good advice on here regarding mortgages, e.g.: https://www.reddit.com/r/FinancialPlanning/comments/8azwse/should_i_put_down_an_extra_2000_a_month_on_my/
but my question to you all right now is how beneficial is it for me to up my mortgage payments right now as an investment strategy? Upping my monthly mortgage payments doesn't make sense to me if I will only flip the house 3-5 years down the road and recoup the rest of the mortgage cost. Should I keep my payments low and invest the money I save in securities instead?
Submitted August 03, 2018 at 09:09PM by rAxxt https://ift.tt/2M2zTZs
