Pay off mortgage or invest? Do this when you have extra cash

Is your biggest monthly expense your mortgage? Then you aren’t alone. The Federal Reserve Bank’s 2019 Survey of Consumer Finances (the most recent conducted) found that 41 percent of households had real-estate backed debt, with an average balance of $180,510. Paying that off would free up a lot of cash. There’s a catch, though — after years of very low interest rates, your mortgage cost is probably very low, making other uses for your money more attractive than paying down the mortgage.