DCG Posted February 10, 2014 Share Posted February 10, 2014 Figured you smart folks might be able to give some advice about this. We have a mortgage on our house, and had a townhouse we were renting out that we recently sold. We're trying to decide whether it makes sense to put the cash we had tied up in that property into paying a good chunk of the mortgage on our house left. We'd be able to pay off approximately 50-60% of our mortgage, and could theoretically pay off our house in the next 5-6 or so years if we did that. Our mortgage is currently about 5%. We don't think our current house will be our permanent house, and will likely try to sell it in probably about 3-6 years from now, but we're not sure about that. Does paying down that much of the mortgage make sense, or should we consider putting the $ into stocks or other investments? So I guess the question to ask ourselves is whether we can invest the cash at a rate higher than 5% (our mortgage amount), but we also don't want to risk losing much of it. Link to comment Share on other sites More sharing options...
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