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Reply to "If you were to inherit $2 million, would you pay off the remaining $150k of your very low interest mortgage?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't care about a mortgage balance, I care about my net worth. So no, of course I wouldn't pay that off. That mindset has worked out very well for me.[/quote] How would paying off your mortgage affect your net worth?[/quote] They wouldn’t be earning interest on money tied in home equity [/quote] Wrong. Actually, by paying off your mortgage you ARE earning money in the sense that you are saving interest. I think what that poster meant is that you can earn MORE money investing the funds elsewhere, and that that increases your net worth more. [/quote]
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