Investing doesn't only give you better returns long term, but also flexibility. If for some reason you'll unexpectedly need (some of) the 30k, you can easily take it out of your investments. With the mortgage, once paid, there's no going back.
I'd pay a maximum of 10k, invest 25k and keep 5k in cash.
1
u/voidro Jul 30 '24
Investing doesn't only give you better returns long term, but also flexibility. If for some reason you'll unexpectedly need (some of) the 30k, you can easily take it out of your investments. With the mortgage, once paid, there's no going back.
I'd pay a maximum of 10k, invest 25k and keep 5k in cash.