I have been offered a pension payout and would like to use it to pay down my mortgage. Is this a good idea?

I have been offered a pension payout and would like to use it to pay down my mortgage. Is this a good idea? I don’t expect it to be very large, without the payout it would be around $400/month. I plan on moving to a larger house soon and would love to be able to have more equity to put down on a larger house.
submitted by /u/user_name_unknown

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