re: The reoccuring question.. should I pay off my mortgage?

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He can always pay the note and taxes with this chunk of cash during a job loss or crises. On the other hand if he pays off the mortgage and then has a crises he cant even pay the taxes, electric bill, etc...

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which is why i stated....................

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Bottom line is if he paid off the house and had next to nothing left(Huge mistake) then yes most would prefer to milk that cheap rate and invest that money instead. Now if he has as much in the bank along with that money he inherited and he plans to stay there awhile pay it off...unless he would save that inherited money for his emergency mortage note and invest it in a high dividend yield fund in the meantime. I prefer no bills (if at all possible) as i have had enough notes over my lifetime. But that is just me.

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then i asked him....................

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Bottom line how much will it cost to pay your house off? IF you pay it off how much money do you have left total? that you have in investments, savings? etc?

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hell, the guy may have a ton in the bank and still want to hold the new money also and milk that rate. fine, it is up to him as i stated beforehand. different circumstances for different people.