re: When to pay off the mortgage

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I think it comes down to the type of person you are and your unique scenario. I'm the type that hates having debt. I pay up on the mortgage when I can and have usually paid off my vehicles early. The only non-home debt the wife and I carry are credit cards, which we pay off every month. All that said, if I had the excess cash right now (ie: on top of emergency fund), I would pay off my mortgage immediately.

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I think this makes sense.

I’m don’t like debt, and am paying more than $20K a year in mortgage interest. Current loan is at 3.25%.