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Is there a reason, generally speaking, why you shouldn't use the excess money to pay off your mortgage faster, rather than increasing savings? (Assuming you al

by mod 11y ago

Is there a reason, generally speaking, why you shouldn't use the excess money to pay off your mortgage faster, rather than increasing savings? (Assuming you already have enough savings to cover emergencies etc)

patejam 11y ago
If your mortgage interest rate is less than your investment account rate.
- ghaff 11y ago
  After tax. Adjusted for risk. There's also the liquidity angle (which might be mitigated on the pay the mortgage early side with a LOC).