u/a_moron_in_a_hurry

Recasting my mortgage this week and the monthly payment will drop from 5k to 3k. I’ll owe 480k once the recast is completed. It’s a 30 year mortgage at 6.625%, and we took it out this past April.

This will free up 2k a month. We already have a 1 year emergency fund in a HYSA, 401ks are maxed each year, and household income is around 325k.

Right now I’m deciding between the following:

1. Invest 2k a month into low cost index funds; or
2. invest 1k a month into low cost index funds and put the other 1k toward mortgage principal.

I’m having a hard time passing up what is basically a guaranteed 6.625% return by paying down the mortgage. It also makes my head hurt thinking about how much interest I’m going to pay over 30 years if I just let the loan ride.

Long term returns from investing are attractive, and investing rather than aggressively paying down a mortgage has worked out better historically. I know past performance doesn’t guarantee future performance, but I also don’t want to give up decades of compounding and liquidity by throwing too much cash at the house.

Curious what you would do in this situation, any of the two options above or something else entirely?

Unfortunately, I'm in a situation where I can't just ignore unknown numbers on my work cell because I never know if it could be a client or something urgent from someone who isn't in my contacts.

Lately l've been getting calls asking for someone named Tina. I'm a guy, so it's obvious when I answer that I'm not Tina. It's also been a few different numbers by now. Each time I tell them they have the wrong number, they apologize, say they'll make a note of it, and hang up. They never tell me who they're calling from or what they actually want.

That's what makes me wonder if this is even a scam?
Usually scammers are trying to sell you something or get something out of you, and even if you're not the person they asked for, they'll pivot into whatever crap they're peddling. These people don't. They just accept that I'm not Tina and end the call.

So what exactly could this be? It seems like a weird amount of effort for a scammer to make repeated calls just to hang up once they realize they have the wrong person.

Love this song and was shocked to see it only had double digit views. Definitely worth a listen.