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Updated over 10 years ago on . Most recent reply
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pay down my current mortgage first or invest?
Hello, I need to hear your opinions on this. My situation is: I have a steady job and a steady income which allows me to pay my current mortage on a biweekly basis but I still have 15 years to go pay off my current mortgage. If I will have an extra $50k-60k cash income every year for some years, should I use the money to pay down my current mortgage first or should I start investing rental properties? My current mortgage rate for my home is 4.375. Thank you for your input in advance.
Most Popular Reply
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Really appreciate your inputs Casey, Travis, Mark, Tom, and David! Yes, it is a 30 year mortgage and it's the only debt I have right now. I am really looking forward to investing but just want to be very careful. Your opinions really help me thinking through the decision. Okay, I will go with your advice and invest! Thanks a lot!!