Would it be better to invest or pay down mortgage?

[Mano]

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Think of it this way. You're already heavily invested in property at a 2-1 ratio to your other investments (your ~300k in equity). that is a VERY conservative allocation already.

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OP, is this $150k all of your savings?

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We also have a little over 100k in retirement accounts (mostly mutual funds), and have a condo rental with around 70k equity.