LogFAQs > #946371669

Weve discussed just paying off our 30 year mortgage faster but the 15 year one has a better rate so thats why were thinking of it. Ours is currently 3.875 and a 15 year one is 2.75. We also have a home equity line and thats what were paying off currently (we borrowed about half of it to pay off a loan that was really the down payment of the house so technically its been used to pay off our mortgage).

We would have enough cash leftover even if we went with 15 year. So if one of us lost a job wed be able to make it work.

His company matches 100% up to 6% so thats what he puts in. Mine matches very shitty so I havent put much in while we pay off the loan.

I mean we could do a mix of both, 15 year mortgage and pay more into 401ks but I feel like long term theres more money in 401k investing. I get what hes thinking though because hed be retiring by the time we finished the 15 year loan and we wouldnt have to worry about a mortgage anymore.