What would you do in this situation. We own a condo right now and we have the ability to overpay on our mortgage. We’re planning to sell and move into a much bigger place in 12-18 months. Does treating the current mortgage like a savings account (essentially “earning” 2.5% interest) by overpaying as much as we can make sense? Vs keeping money in Marcus or investing

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When you move do you have enough to cover the down payment if your current house is slow to close?

Yea we should, but great point

I would definitely not do that

Even with that, wouldn't you rather have the liquidity? There's barely any benefit. You're probably earning 1.5% or higher in a HYSA, and rates will continue to increase.

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Don’t do that. Any loan below 3.5-4% is borderline free money with arbitrage readily available.

Previous real estate market a contingent offer would be sufficient. Todays market is different. Could do a HELOC to pull out cash, but with such a short timeframe, not worth it.

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