A. Prepay your mortgage is not always the best idea.
If you are uncertain how long you will stay at your house, you better hold off any extra payment.
If you are certain you will stay at your house for a long time, you still might want to do the following first before you making any extra mortgage payment:
- Save enough emergency fund (at least 6 months fund)
- Maximize your retirement savings
- Pay off any high rate credit card loans