there is a lot of great advice here and you seem to be headed in a good direction in your thinking. As another member mentioned earlier, you have the ability to right-off mortgage interest therefore making the effective rate even lower than what you are borrowing on your mortgage. Also, as comforting as it is knowing you have no mortgage, by paying it down, you are tying up resources in your home, making it not very liquid should you need money for any unforeseen circumstances. Paying down/off any high interest rate debts would be prudent as there is zero appreciation on those debts, unlike your home. An emergency fund of at least 3-months should be something to consider having as well. Once you have the emergency fund and high interest debt taken care of, perhaps consider splitting your remaining capital across a high yield, lower risk investment portfolio. Compounding interest is the single greatest mathematical equation and you can’t get back time. Cheers!