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Why pay your house off early? I stopped a while back and save the money instead. My wife and I both “pay” the full mortgage each but we save the other half for
by wil421 3y ago
Why pay your house off early? I stopped a while back and save the money instead. My wife and I both “pay” the full mortgage each but we save the other half for investments at the moment.
We could pay off 80% of our house this year but I feel like it should just invest all the cash.
Any thoughts beside being free from a mortgage? I would love to live rent free but I’d make more investing it.
- ghaff 3y agoThere's definitely psychology involved but it's mostly about the numbers. I paid off my ~5% mortgage quite a few years ago when I had some spare cash. In retrospect, I would have been better putting it into an index fund, but who knows adjusting for risk? Today, if I had a 1-2% mortgage, I'd be putting the money in my brokerage money market account. If I were buying today, I'd probably pay cash if I could.