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Paying More Than Mortgage

Savvy Community: Paying More Toward Your Mortgage?

This question was shared by reader Brisas in the Ask Savvy group.

We are buying our first house and are really excited to have a place to call home. My husband and I started discussing reworking our budget to account for the mortgage and everything else that is related to the house. We started wondering if we should actually pay more than our monthly payment or perhaps just save that money or invest it. We are only planning on staying in the home for five years. Just wondering do you pay extra each month towards your mortgage and how much?

Have a career or finance question of your own? Ask it in our Ask Savvy group.

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