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

Posted on 9/18/12 at 8:28 am to
Posted by Powerman
Member since Jan 2004
162857 posts
Posted on 9/18/12 at 8:28 am to
quote:



Yes, never a bad decision to pay off your home. Yeah .4% doesn't seem like much but you'll have peace mind right?


This seems like terrible advice

Things like "peace of mind" don't trump actual math
Posted by AngryBeavers
Member since Jun 2012
4554 posts
Posted on 9/19/12 at 4:39 pm to
quote:

This seems like terrible advice

Things like "peace of mind" don't trump actual math


It's not terrible advice. You're getting instant return on your money paying off the mortgage and you free up your income to invest elsewhere. In the long run it's a financial no brainer.
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