My 15-year mortgage rate is 3%, with a penalty-free prepayment option. Basically I am finding every other month I have an extra $3k, which I have been putting into a Fidelity account because I figured "hey I can beat 3%, so my bank is essentially giving me an interest-free loan"
Two questions. First, is pre-paying down my mortgage a better idea? Secondly, I am mixing up ETFs and stocks, is there a better option for beating 3% over the lifetime of a 15-year mortgage?
Submitted December 04, 2018 at 01:17PM by heylookchris https://ift.tt/2QzvvmS
