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Excellent answer

At the end of the day there are only a few things it personal finance that you "shouldn't do". The rest is personal preference and tolerance for risk.

That's why I don't give advice, when asked I just answer "this is what I did, and why"

I do think that some people don't see things from different angles which is why I asked you the question

I faced the same dilemma several years ago. I had enough invested and no cash needs. So if I didn't pay down the mortgage it would have just gone into a mutual fund portfolio, which in my mind was the same as borrowing to invest.

In response to this post by Hokie360

Posted: 05/31/2016 at 1:15PM

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

Excellent answer

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