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Money and Finances
Reply to "Paying down a mortgage - not a debate about whether it makes sense"
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[quote=Anonymous][quote=Anonymous]I love the idea of owning my place outright and having no mortgage. It doesn't really make financial sense to do that, but I love the idea. There's something appealing about reaching an accomplishment that most don't reach until their 60s. And there's something appealing about having no monthly payment. We refi'd and are now paying extra principal to keep the monthly payment the same. No difference in cash flow for us, but we own the home sooner. Yes, that money is better maximized elsewhere, but it's a nice way to save more while not really changing any habits.[/quote] To each their own. I find it much more satisfying to look at net worth rather than a single component of net worth. I want my net worth to increase as quickly as possible (in a reasonable manner) and I want to counteract inflation risk.[/quote]
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