Mortgage Advice

Turdland,

I've lost a chunk of equity in my home over the last several years (as I'm sure most folks have - I bought probably near the market high). While I'm not underwater, I have lost most of my equity such that I can't refinance without coming up with a sizeable down payment and I'd like to take advantage of current interest rates and bring down my monthly mortgage payment.

I've saved enough to put some money down, but am wondering if I should use the money to pay down some of my home mortgage, refinance and lower my monthly expenses or if I should hold the money and "stack" instead.

I guess my question is given where we're at right now, would you prioritize reducing debt and monthly mortgage payments or building up precious metal ownership?

Thanks! Love Turd's site and the community.