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A comment on US inflation means families are spending $709 more per month than two years ago. Parent comment

Re:US inflation means families are spending $709 more per mo... by fullshark on Sunday August 13, 2023 @03:38PM (#37113527)
Is it not meant to be paid off in 25 years?
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Re:US inflation means families are spending $709 more per mo... by lotsofpulp on Sunday August 13, 2023 @03:43PM (#37113602)
Definitely pays off to invest more than the minimum required payments over 25 years. Not going to find better non callable leverage.
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Re:US inflation means families are spending $709 more per mo... by scarface_74 on Sunday August 13, 2023 @03:49PM (#37113667)
Why? I refinanced in 2021 and my mortgage rate is 1.97% fixed.
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Re:US inflation means families are spending $709 more per mo... by lotsofpulp on Sunday August 13, 2023 @03:50PM (#37113675)
I meant invest into other equities, such as the public stock market, not invest into paying down the home principal.
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Re:US inflation means families are spending $709 more per mo... by AuryGlenz on Sunday August 13, 2023 @03:51PM (#37113686)
shrug

It kind of depends on your mortgage rate. If your rate is low it technically makes more sense to invest your money, as that'll have a great return. If your mortgage rate is high, you might be better off paying extra each month against the principle as it'll drastically reduce how much you pay in interest over the course of the loan.

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