Save for capital VS. pay down primary for equity

[Albert Smolinski]

We refinanced our home for a lower payment. Would it be wise to save the savings for down payment on an investment property or keep paying down the loan for larger equity?

We plan to look into a cash-out refinance in a year. We are in the DC metro area and have been fortunate enough of a nice appreciation last 3 years (aware of the last year being an anomaly).

[Jay Hinrichs]

this goes much farther than a math equation..  with rates at 3% these days for owner occ..  paying off that mortgage will in most instances at least on paper not be as profitable..  But on the flip side you want your home paid for as the cornerstone to your retirement is one thought.  Separate your personal home from investments .  you would be surprised at the amount of paid for owner occ homes in the US its a large number and it keeps folks from losing their homes later in life .