She Wants To Pay More Towards Their Mortgage, He Wants To Put Any Extra Money Into The Stock Market – Here's What Suze Orman Says

Core Insights - The article discusses a common financial dilemma faced by couples regarding whether to pay off a mortgage early or invest for future growth [1][2] - The debate centers around the differing financial priorities of a couple, with one partner favoring mortgage repayment and the other advocating for investment in the stock market [2][4] Group 1: Financial Situation - The couple has a mortgage of approximately $415,000 on a 30-year fixed-rate loan at an interest rate of 3%, set to mature in 2051 [3] - Due to childcare expenses, they can only afford to pay an additional $100 to $200 per month, which would reduce the loan term by two to three years [3] Group 2: Investment Perspective - The husband argues that investing the extra funds could yield higher returns than the 3% interest rate on the mortgage [4] - Suze Orman advises that the couple should consider the long-term appreciation of the home rather than focusing solely on the mortgage interest rate [5] Group 3: Personal Considerations - Orman highlights the importance of considering future family needs, suggesting that the couple may need a larger home if they have more children [5] - The emotional aspect of wanting to be debt-free is acknowledged, but Orman emphasizes the financial benefits of home appreciation over time [4][5]