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Reply to "Mortgage Fatigue- How Long Did it Take You To Pay Off Your Mortgage."
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[quote=Anonymous]We have been in our house 20 years, so would be 10 years away from paying off our mortgage.... ... which we had gotten as a 10-year adjustable at 8%. It would have been insane to not ever refinance, just so we could have been feeling like we were "paying off" the house. We've refinanced a number of times, and are now down to a 3.625% 30yr loan. And our house is now sellable for close to triple what we paid for it (and could probably rent it out for $1,200 more than our monthly payment). But we're not going anywhere. And we love the spending money we have from a small mortgage with a low interest rate. In days of low low interest rates, paying off a mortgage is not always the end-all be-all. [/quote]
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