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Reply to "Paying off the morgatge, good or bad idea?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Pro-mortgage people are always citing the risk of having money tied up in an illiquid asset. What if you lose your job and need cash? My response: At least you don't have a mortgage payment to worry about.[/quote] Love this response! That's exactly what I would say. We are paying off our mortgage with extra payments as much as we can- have about 3 years left. We are in 40s and 50s and have no other debt. We have maxed out our TSP. I work full time as a federal employee, have a stressful job. Once the mortgage is paid off, I could work part time somewhere for fun and still afford living in my $850K worth house. Pay off the mortgage![/quote] Same here. We are late 40s and I will be quitting after 25 yrs working, in 3 yrs. [/quote]
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