I only consider interest an expense, payment on principal is just money moving between accounts (eg checking to home equity, but liquid to illiquid).Paying off the mortgage is a huge step towards retirement and financial independence for me. Less than 10 years remaining on a 15 year @ 2.35%. Won't pay off early but having $2,200 less in monthly expenses will be huge.
That's a good way to look at it. We have friends/family that do things like reverse mortgages, or buy more house than they really can afford, especially later in life, and get into 30 year mortgages until they are 60, 70, etc. That's the opposite of what I want to do. Our first house is our last house.
Statistics: Posted by YeahBuddy — Wed Oct 08, 2025 6:29 pm — Replies 82 — Views 4718