re: When does it make sense, mathematically, to accelerate mortgage payments?

quote:

---

It does if you want the ability to recast your current mortgage in a time of need.

---

I can't imagine many people these days have on-balance-sheet mortgages from community banks and the like. It seems unlikely that Fifth Third or whoever is just going to give you a happy loan mod because your UPB happens to be lower than the amort tables had predicted.

But in any event, if it's "time of need" you're worried about, then having MORE cash is better than having MORE home equity.