Look at the terms of your loan and your average return on your portfolio before blindly paying your mortgage early. If you manage to refinance at a good interest rate, you can often make more money on the market than you save on your mortgage. If I applied the balance of my savings to my principal today, I would lose significantly more interest from my investments than I’ll pay in interest to my bank over the life of my loan.
Look at the terms of your loan and your average return on your portfolio before blindly paying your mortgage early. If you manage to refinance at a good interest rate, you can often make more money on the market than you save on your mortgage. If I applied the balance of my savings to my principal today, I would lose significantly more interest from my investments than I’ll pay in interest to my bank over the life of my loan.