Should I Pay Off My Mortgage or Invest?

You have extra money. Should you put it toward your mortgage or invest it?

The answer is very different if your mortgage rate is 3% versus 7%.

In this episode of She’s Talkin’ Money, I’m breaking down how I actually think through this decision with clients — because “always pay off your mortgage” and “never pay it off because you can make more in the market” are both examples of generic financial advice that leave out the most important part: your actual financial situation.

We’re talking about how your mortgage rate changes the conversation, why liquidity matters so much, and what you may be giving up when you send every extra dollar into your house.

I’ll also explain why home equity is not the same thing as cash, why paying down your mortgage does not make your home appreciate faster, and why being mortgage-free is not automatically the strongest financial position.

In this episode, you’ll learn:

why a 3% mortgage and a 7% mortgage require very different decisions

how to think about where your next dollar is working hardest

why liquidity should be part of the mortgage-payoff conversation

the difference between building equity and reducing debt

why paying down your mortgage can create an opportunity cost

when I’m more interested in making additional principal payments