I agree that maxing out the TSP is a good idea. That's what I did and the 30 year mortgage did get paid off in 14 by scraping together a few hundred bucks when possible to throw at the principal. I think the interest was 5.25, which was refinanced a couple of times. It got to the point where it was not worth refinancing for a lower rate. Tax wise, once the interest deduction got to the point of being less than the standard deduction, we got serious about paying it off.
A caveat about my situation v yours is that I retired from the military and once I found a job, made a rule that the military annuity was only for mortgage payments and other housing expenses. Both my kids are grown and gone. It is about the same as having two incomes. My spouse does not work. In case you are thinking that military annuity is a fortune, I retired as an E-7. No 40k O-5 annuity here. Just enough to make a house payment.
Sounds like you have a good plan. I vote for maxing the TSP while the market is going up and paying off what you can in the mean time.
Other thoughts after reading Boghie's reply are
-real estate is going up right now in most areas but your house's value may not continue to increase, a house is a place to live, not an investment tool
-if you are planning on living in the house for a while, what used to go to the mortgage payment needs to go to updating the infrastructure
Now Judy has replied. The market does not always give you 10, 20 or 30%. YMMV
MHO. Remember about opinions.
PO
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