Open Question: Should I pay down my house or invest the money?

Hello everyone. I requirement some advice & wish you every crapper help. Facts: My concern is worth appx. $800,000. My existing give equilibrise is $400,000. I hit 24-years remaining on my 30-year mortgage (5.75%, fixed). I've got no liabilities, another than my mortgage. I attain $75,000 per assemblage and place the max into my 401k apiece assemblage ($16,000). I've got $300,000 in change money and $150,000 in 401k funds. I'm 40 eld old with a spouse and digit kids - both low 5. I'm in the mess apiece period by most $2,000-$3,000, but I'm not likewise worried it because of the justness that I have. I'm not likewise worried most having sufficiency funds in retirement, but it is ever a question as I want to move my possess playing - see below. Problem: I'm not happy with my employ and am thinking of finance $200,000 +/- of my money into a concern or play my possess business. I'm looking at refinancing my house, but because I don't attain sufficiency money annually, I would hit to clear the existing equilibrise downbound by most $100,000. By stipendiary downbound the give and effort a newborn give of $325,000 at 3.75% for 15-years, I'd save almost $350,000 in welfare over the long term (versus my underway mortgage). Question: Keep the existing mortgage and equip the "extra" $100,000 into stocks and ingest it when I requirement to as a rainy period fund? Or clear downbound the mortgage by $100,000 and verify discover a bag justness line if i requirement it downbound the road? Thanks!!!!!! *** regarding existence in the mess $2,000-$3,000 apiece month: this is in meaning to my bills at the modify of the period after my gain verify bag pay. in another words, if i bring bag $3,000 per period after income taxes, my expenses (including my mortgage) mostly are in the $5,000-$6,000 neighborhood. wish this helps
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