If you have an emergency fund, no other debts, if you're at a high savings rate elsewise (15%-maxed out on tax advantaged, whichever is higher), you have a decision to make.
If you want the math answer, don't pay it off and invest like most of the folks here are telling you.
But this question, more than most anything financial isn't all math. There's a level of independence that comes with a paid off home. If that's worth losing the return value of investing, then go for it. If I was in your situation, I would pay it off, then have a great investing plan for the money you're currently paying your mortgage with. For all the ones telling you to not pay it off, seek out anyone who has a paid off home and ask them if they regret it. Those voices are probably quite for reasons of contentment, not shame.
If you want the math answer, don't pay it off and invest like most of the folks here are telling you.
But this question, more than most anything financial isn't all math. There's a level of independence that comes with a paid off home. If that's worth losing the return value of investing, then go for it. If I was in your situation, I would pay it off, then have a great investing plan for the money you're currently paying your mortgage with. For all the ones telling you to not pay it off, seek out anyone who has a paid off home and ask them if they regret it. Those voices are probably quite for reasons of contentment, not shame.
Statistics: Posted by btq96r — Sat Nov 02, 2024 3:02 am — Replies 25 — Views 1342