I have about 200,000 left on my mortgage principal. I just refinanced where in for the first 5 years I am just paying off the interest. I did this so that I would pay at my own convenience towards the principal.
My confusion is if I should just put huge chunks of money towards the principal and pay it off in 10 years or should I rather invest the money?
I can still pay some towards the principal and some towards investing, but was wondering if it would be a better idea to put most of that money towards the prinicipal than investing?
I am assuming that investing would give me a return of about 10 % ( Too optimistic??). Also the tax deductions from paying interest on mortgage.
Please advice.