Paying off mortgage early with new tax laws.

It seems like with the new higher standard deduction carrying a mortgage looks even less attractive. I always ended up just over the old standard deduction with state taxes and interest.

Now I think its down to pure return, my mortgage rate is 3.75%, typically you can beat this with a simple index fund but I feel like the market is pretty shaky right now.

So has anyone changed their minds about investing into the market vs paying down mortgage debt? I always do a little bit of both – paying extra on mortgage and investing as much extra cash as possible. Thinking of shifting more funds to eliminating the mortgage though. Of course the wife wants to shift funds to new furniture and updating bathrooms but that’s another story.

submitted by /u/Flo_Evans
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Author: /u/Flo_Evans

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