This is a question that many home owners ponder.

My simple response: if the cost of your mortgage  (which is the interest rate) is less than the return you would make from investing that money than you should invest the money instead of using it to pay off your mortgage.

However, there is more that needs to be taken into consideration with a decision like this. It depends on your personal situation, the things that you value, and your ultimate goal.

Below are some things to consider when coming to your decision:

Ultimately you must weigh the costs and benefits of the situation and decide which benefits are more valuable to you.