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Reply to "Is it completely stupid to pay off our mortgage?"
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[quote=Anonymous][quote=Anonymous]The financially astute thing to do is to invest the $250K into a mix of index funds. 3% interest is effectively free money. [/quote] I agree. I could also pay off our almost $300k mortgage, but instead I've got that money invested in Vanguard index funds and Shcwab ETF funds for future retirement and life expenses, where it has been steadily increasing. Also OP, is this a house you will stay in for a very long time? Is it in a good neighborhood where the value will be stable or increase? If your answers are no, then don't pay off the mortgage early. [/quote]
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