re: How many of you retirees still have a home mortgage (purposefully)? What is your mindset?

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For those who maintain a home mortgage in retirement, please share your mindset for doing so. That peace of mind is hard to ignore no matter what financials say.

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Wife and I moved to Santa Fe end of October 2020, bought a house mid-December, financed roughly half of purchase @ 2.75%/30 years. Just re-fi'd yesterday with a 1.625% 7 yr ARM, 30 yr amortization, limited closing costs, no appraisal, through Schwab/Rocket. House is roughly up $100k in value since December according to long time RE agent but we have probably put ~ 20k in improvements since purchase.

To me it's a no brainer, we own a shite ton of investments that throw off multiples of what the mortgage rate is and don't see the point in paying it off. We will know within the 7-year fixed rate time frame whether we are staying here longer term and can pay it off then prior to rate re-set or perhaps pay off partially and let it ride depending on future rates and investment environment. Paying under 1k/month on ~ $700k house (no escrow), that's very low cost. I don't care if people agree with the strategy or not, I know it will work out for us. It's rather pointless to lock up all that cash in a house (especially not knowing you will spend 10-30+ years in the house) just to say your mortgage free especially if you have other investments earning significantly more than the interest cost of the mortgage. YMMV.