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[quote=Anonymous][quote=Anonymous][quote=Anonymous]There do happen to be people in this world who make enough while they're working to be able to carry a mortgage in retirement (even retiring early!), because their nest egg factors in the amount of their mortgage.

And in the meantime they invest the money that other folks plow into paying off a mortgage early.

And that way if they lose a job before they retire, they have all sorts of liquid funds at their disposal, rather than having worked so hard to pay off a mortgage early and then be faced with having to sell the house because they have no cash.

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Well, gee, do you think I'm stupid enough to pay off my mortgage early and leave myself strapped for cash? We have over $2.5 million in invested assets, and a paid off house.[/quote]

You may not be stupid enough, but there are a lot of people of far meager means who think that paying off a mortgage early is the be-all end-all, and end up very strapped if something goes wrong before they get it completely paid off, leaving themselves with huge amounts of money tied up in a house that they can't get to easily. Money that would have been far better off invested somewhere else, especially in this era of low mortgage interest rates.

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