Pay Down Mortgage or Invest?

[Administrator]

Just want to throw out a general question to get some opinions. Let's say you take out a 30 year fixed mortgage on your home at 6%. In your monthly budget you usually have an extra $300. 1. Let's also assume you have no other debt than your home mortgage.2. You already contribute 10% of your income to retirement.3. You have good size emergency fund.Would you apply the $300 to the principal on the mortgage or invest the $300 into other retirement accounts, stocks, etc? I know the smart financial thing to do would be to continue paying the regular mortgage payments and invest the $300 because more than likely your return will be better. You will also get the advantages of tax breaks on the interest. However, for some reason I just think it would be great to be mortgage free. Any comments/suggestions?


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(Source: mortgagefit.com)