Should I max out my down payment given mortgage rates? Given that mortgage rates are 7+% what’s the argument for not putting as much cash into my down payment as possible to minimize my mortgage? Feels like a completely risk-free 7% return is hard to beat right? submitted by /u/HouseSome3117

Pay off mortgage at 5.875%? Age old debate of paying mortgage off early vs wait it out. My spouse and I just purchased a condo with ~300k mortgage for 15 years at 5.875%. We have a HHI of $300k and are conflicted if we should pay off the mortgage asap. We invest primary in index funds and my thinking is that we’d need to get a return of ~7% to justify not paying off the mo…

Should I be making extra mortgage payments? I make $74k a year, after 401k, union dues, and HSA contributions my net income is usually about $4000 a month. My mortgage balance is about $232k and my monthly payment with escrow and condo HOA fees is $2070. I have about $10k in savings, $6500 of which is in a hysa at 4.1% interest and the rest of which is in a money market account at my cred…