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We're focusing on paying off the mortgage, recent refi at 2.8%/30yrs, pounding $1100 extra to the principal monthly. So the thought came up of would it be possible to place the $1100 somewhere to grow and pay off the mortgage sooner. Just don't think the stocks would offer the security that we want to risk as the vehicle of growth...

Other things to consider, all debt is paid off, and we have 8 yrs till the mortgage is paid off at the current plan.

Thanks

Tags: mortgage

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Take a look at investment firms like Edward Jones, they often have unpublished money market accounts that yield better returns.  Deposit that 1100 there and earn interest on it for the next few years, then pull it and pay a lump sum against the mortgage.

But do check the numbers - if the interest earned does not exceed the compounded reduced principal, you might already be doing the best thing

S

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