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Reply to "Pay off the mortgage?"
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[quote=Anonymous]Do you want to look at this purely from an economics standpoint? If so, you need to figure out what your average rate of return would be if you invested it (perhaps looks at the avg for the S&P over a long period of time) and factor in the tax advantage of the mortgage deduction. Compare that against your interest rate/amt of interest you are paying. Most people are more emotional about money, though, and feel a lot of security in having a fully paid house. [/quote]
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