Aggressively paying down the mortgage vs taxable brokerage?
I recently bought my first home (yay!) but now have a $5k mortgage for the next 15 years. 5% rate, 625k original loan balance.
Wife and I are making about $475k ($350k for me, $125k for her). I'm a hospitalist.
At this point I kind of feel trapped by this mortgage and want to be done with it as soon as I can, at which time I'd drop to 0.7 FTE. After maxing out all our retirement accounts would it be foolish of me to just dump everything extra into this and trying to pay it off in 5 years?