Need advice: Pay extra on mortgage or save for next house?

Check if your lender charges for early payments. Sometimes break fees are more than the savings. Ask your bank before paying extra.

I paid down my mortgage using an offset account. You save on interest but can still access the money. It works well if you’re disciplined.

If your mortgage is 6.8%, you save $68 for every $1,000. If your investments return more, go for it. It’s all about where you’ll make the most.

I usually say invest, but since you’re moving soon, you’d probably be better off paying down the mortgage.

If you’re moving in a year or two, I’d avoid locking your money in investments. You don’t want to risk losing it when you need it.