(New York Times) — The question of when to pay extra towards your mortgage is a very complicated one, and the issue has come up everywhere from MSN Money to the Five Cent Nickel blog to Ron Lieber’s “Your Money” column. The idea that you can think of your mortgage as an investment that pays you a risk-free return equal to your interest rate (adjusted for taxes) is fairly common. Where this becomes more complicated is when people start comparing that risk-free return to what you might make if you invest in a stock-based mutual fund instead.
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