Overpay On Your Mortgage Or Add To Your Savings, This Is The Question
So you find yourself with a little bit of extra money – perhaps due to a raise, an inheritance or an unexpected windfall? Should you put all of your money toward paying down the mortgage on your home? Or would you be better off placing your extra cash into a savings account? Deciding whether to pay down your mortgage or add to your savings is a complex choice and it depends on a number of factors in your personal financial situation. Here are some of the things that you will need to consider when making the decision: How Much Are…