overpaying the mortgage
Now that we have settled in, got that lower rate at 6.125%, I am wondering if I would be doing myself a favor by adding an extra $100/month to my payment. I have read in a couple places how beneficial it is, but want to hear it from our financial gurus here.
It shouldn't create a hardship, cause I would probably waste it on something else... And yes, I already do contribute to two retirement funds plus a roth IRA (though I could up my contribution from 2K to 3K) and teachers pension plan.
Also, I don't have the ammortization schedule as this is a new refi, is that an important document to keep?