Re: Looking for opinions on paying down mortgage - Saab General Bulletin Board - Saabnet.com
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I am 62 and my wife is 66. Many years ago we decided we did not want to take a mortgage into retirement, refinanced to a 15 year, and paid off the house 2 years ago. There's plenty of good advice above on the cheap money aspect, leveraging, investing vs. paying off, etc. You should consider all of that. However, I will say that it is extremely comforting to own your house out right. I am also now investing all of my former mortgage cost into the market and really racking up our IRA balances very quickly. I sleep very well at night knowing that if I lose my job or all hell breaks loose, I will not lose my home. Paying it off early was one of the more satisfying financial moments of my life.
Posts in this Thread:
- Looking for opinions on paying down mortgage, Sam, Tue, 2 Feb 2021 08:42:41
- Re: Looking for opinions on paying down mortgage, DaveofFairfax , Thu, 11 Feb 2021 14:27:20
- Re: Looking for opinions on paying down mortgage, Randy Thatcher , Thu, 11 Feb 2021 13:40:151
- Re: Looking for opinions on paying down mortgage, Notnoel , Thu, 11 Feb 2021 10:13:57 <-- Viewing This Message2
- Re: Looking for opinions on paying down mortgage, Cary, Wed, 10 Feb 2021 16:03:18
- Re: Looking for opinions on paying down mortgage, Roger_S , Wed, 3 Feb 2021 10:50:00
- Thanks! Appreciate the input. n/m, Sam, Tue, 2 Feb 2021 16:23:11
- Re: Looking for opinions on paying down mortgage, Scott Paterson , Tue, 2 Feb 2021 11:37:40
- Re: Looking for opinions on paying down mortgage, JerseySaab , Tue, 2 Feb 2021 11:07:111
- Re: Looking for opinions on paying down mortgage., EGD , Tue, 2 Feb 2021 11:04:41
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