Comment by Multicomp
2 days ago
Tacking on, in evangelical circles Dave Ramsey's financial peace university talks about saving 15% of retirement when getting out of debt and generally working through that list, then once you have paid off the house, build more retirement wealth as you desire...most of us don't get to that point until later in life.
There is also the rent vs buy calculation to take into account, depend on where you live, it might make more sense to rent and invest the difference than buying.
Especially now since the mortgage interest deduction is less than the standard deduction for most people.