I currently have a mortgage with a 3.75% APR. Recently, my PMI payment went away and left me overpaying my mortgage payment by $250 a month. If I continue overpaying my mortgage payment, l will pay off my mortgage sooner. However, I am thinking I could make better use of the $250 by investing it in gold/silver, cryptocurrencies, REITs, or other assets.
My reasoning is I can easily get a better than 3.75% annual return.
I would appreciate any comments/suggestions on how to use this "extra" $250 a month.
Please sign in to leave a comment.