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Should I pay my 30 year mortgage off sooner or invest the money?

+1 vote
asked Jul 7, 2017 in Real Estate - Renting by yk24 (320 points)
I have a 30 year mortgage on my house and want to be able to pay the mortgage off in 15 years instead of 30 years.

Should I pay the mortgage off sooner or use the extra money for investments?

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answered Jul 8, 2017 by heb543 (240 points)
Yes pay off your mortgage sooner if you can. If you don't you'll be paying up to $20,000.00 or more in just interest on the 30 year mortgage.

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