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Reply to "Spouse Insistent on Paying Mortgage Off Early "
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[quote=Anonymous][quote=Anonymous]I never understand why people think putting more money into your house is a wise financial decision if you are trying to guard against job loss/illness etc. You want to be able to access the money if those things happen. Otherwise it’s a question of returns. My general opinion is that the market will return a lot better than 5% a year over the long term.[/quote] I agree with this, from a standpoint of "just paying a little more each month towards the mortgage." It's a more complicated question when it is, "should I pay off the house in one fell swoop," because that will substantially reduce your monthly obligation, and allow you to stay in the house during a period of job loss. [/quote]
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