Keep in mind that you have to adjust your savings from the mortgage

on paying more fed and state taxes most likely as the mortgage interest is usually your largest itemized deduction. I would love to pay off mine though but I have about 16 years left on our 30 year mortgage and I will make extra principal payments along the way the next 16 years to try and pay it off faster but life is unpredictable. The only way to do it is to pay extra principal or come into some extra money along the way, and don't spend money outside of necessities.

In response to this post by BobG

Posted: 05/31/2016 at 10:08AM

Questions for those who've paid off your mortgage... -- BobG 05/31/2016 09:31AM

One paid off....beach place in a couple years. This is what it feels like.. -- DonHo-kieHi 05/31/2016 3:10PM

Got lucky in the dot com era -- public knowledge 05/31/2016 2:22PM

Paid off 30 year mortgage in about 23 years -- Chesapeake_Hokie 05/31/2016 1:29PM

Right now, I'm mortgage free. But it was a bit of a process. -- Tafkam Hokie 05/31/2016 12:19PM

Re: Questions for those who've paid off your mortgage... -- BusLoadaBozos 05/31/2016 11:56AM

We refinanced once for lower interest rate. Occasionally made extra monthly -- TechMomof2 05/31/2016 11:44AM

Paid mine off last year, and it feels good! -- EDGEMAN 05/31/2016 11:38AM

I owe about $3K. Feels good. Can retire and know only the city owns my hous -- TomTurkey 05/31/2016 11:12AM

Nope ** -- VT Pops 05/31/2016 10:30AM

Rather than paying it off early, or making extra payments, you -- Hokie360 05/31/2016 10:30AM

I understand this is likely the better route... -- hokiehunter07 05/31/2016 11:22AM

Did you pay cash for your town home? ** -- RoswellGAHokie 05/31/2016 11:35AM

Mortgage. Lived in it 4 years ** -- hokiehunter07 05/31/2016 12:21PM

So just curious ... -- Hoke 05/31/2016 11:04AM

There's a major difference in your comparison. -- Hokie360 05/31/2016 12:22PM

Excellent answer -- Hoke 05/31/2016 1:15PM

It's different because taking a loan just to invest isn't the same -- VTBB 05/31/2016 11:16AM

Yep, 1000x times this.... -- HokieForever 05/31/2016 10:52AM

Correct, and the 4% mortgage rate has an effective rate of about 3% -- RoswellGAHokie 05/31/2016 11:06AM

You need to direct your extra funds to pay off the most expensive debt -- EDGEMAN 05/31/2016 11:48AM

I like a mixture of snowball and avalanche personally. -- hokiehunter07 05/31/2016 12:55PM

Paid off the house in '07. Re-financed in 2000, for 15 yrs at lower rate.. -- Milepost 151 05/31/2016 10:26AM

My answers..... -- Merlin Hokie 05/31/2016 10:24AM

Not 100% qualified to answer, however I have friends who are mortgage free -- HokieinTampa 05/31/2016 10:23AM

I dream of the day -- PUAhokie 05/31/2016 10:11AM

Keep in mind that you have to adjust your savings from the mortgage -- fordham 05/31/2016 10:08AM

Given that my mortgage is low interest -- MEHOKIE 05/31/2016 10:05AM

Re: Questions for those who've paid off your mortgage... -- Hoke 05/31/2016 09:49AM

2 years away from paying off -- Newt 05/31/2016 11:11AM

Paid off 1st mortgage in 5 years, and no, I didn't have any help -- hokeyhokie 05/31/2016 09:48AM

You are either buying relatively cheap houses or you are overstating -- vtbones 05/31/2016 11:40AM

Did it on a DBAs salary, but I never bought near a major city -- hokeyhokie 05/31/2016 12:04PM

Keep in mind that you have to adjust your savings from the mortgage

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