This is just the age-old investor pay down debt question that we all deal with unless we're debt free. The math of borrowing at 2% and earning at 8% would suggest you invest. It's not always a no-brainer to borrow at a low rate and invested a high rate. You can refinance this loan, but you'll probably end up with a higher interest rate. And if truly it's very low risk, then borrowing of 4.75 and earning at8, yeah, you're going to come out ahead.

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