The 2 Big Reasons We've Stopped Making Extra Mortgage Payments

The 2 Big Reasons We've Stopped Making Extra Mortgage Payments

When you pay off a debt early, your return on investment is the interest you save. Since mortgage interest rates are generally well below what you earn by investing in the stock market, you're usually better off investing instead of paying off home loan debt ahead of schedule. Despite this basic mathematical reality, we still made extra mortgage payments when our rate was around 4%, because we liked the idea of not having this loan any more.