Got extra $175 a month since I have paid off

[dpdannyga]

my student loan. Should I invest it or put it toward my mortgage

[badbender001]

Hard decision you have there, both are worthy. I guess it all depends on if you already have a retirement planned out. If not then invest it so you'll have a nice nest egg to retire on years from now. If you already have a retirement plan then consult your mortgage company and see if you can add that amount to pay off the principal of the loan instead of the interest. Best wishes, and good luck.

[Michelle D]

Take it from me...add the money to your mortgage payment. That $175 could help you pay off your mortgage years earlier and then you can pay yourself with the money that you saved by paying off 5 years early....You should also add the monthly amount from any other debt that you pay off while you still have the mortgage. You will be saving thousands of dollars in interest. Let's say that you pay off your car in the next year or so and that payment is $400/month. Now you have an extra $575 that will go toward your mortgage. (YOU WON"T MISS THE MONEY--YOU WERE PAYING IT OUT MONTHLY ANYWAY).Check out my profile.Michelle'