Quote:
Originally Posted by Old Yeller
Yup, I totally get the investment angle if your mortgage is sub 2-3% and GICs are 5+% but the peace of mind of NOT having a mortgage at all is almost priceless with the way I'm wired.
My wife and I are close to paying off our mortgage and we've really committed to it over the last few years... seeing our total interest savings and the remaining amortization rapidly tick off is my ROI.
|
He's still going to have a mortgage in 3 years....the question is if he has $25k now, does he pay that down now or wait 3 years and pay down $30k. Option B is getting rid of his mortgage faster.