tag:blogger.com,1999:blog-37697766.post7890779398038396222..comments2007-07-20T19:14:46.511-07:00ispfnoreply@blogger.comBlogger5125tag:blogger.com,1999:blog-37697766.post-77788490249808518022007-07-20T19:14:00.000-07:002007-07-20T19:14:00.000-07:00What about risk?<BR/>Are you an idiot?<BR/>Pay off the debt!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-27202107241427766442007-05-12T08:55:00.000-07:002007-05-12T08:55:00.000-07:00sorry, that link should have been: <BR/><A HREF="http://retiringearly.blogspot.com/2006/12/who-carries-mortgage-into-retirement.html" REL="nofollow">http://retiringearly.blogspot.com</A>fin_indiehttp://www.blogger.com/profile/16850607432747269260noreply@blogger.comtag:blogger.com,1999:blog-37697766.post-48913058312697419122007-05-12T08:54:00.000-07:002007-05-12T08:54:00.000-07:00Couldn't agree more. Pay that sucker off. I'm currently making double mortgage payments and should have my house paid off in another 4 years or so. The promise of a possible higher return is not enough for me. <BR/><BR/>I also wrote a post a while back about people carrying mortgages into retirement (or early retirement in my case!) My contention is that people should get rid of the mortgage as quickly as possible, especially if they are on their way to retirement.<BR/><BR/>http://retiringearly.blogspot.com/2006/12/who-carries-mortgage-into-retirement.htmlfin_indiehttp://www.blogger.com/profile/16850607432747269260noreply@blogger.comtag:blogger.com,1999:blog-37697766.post-30149424572535738982007-05-08T20:49:00.000-07:002007-05-08T20:49:00.000-07:00Dimes: You are right. If we keep up the rate at which we are paying we will pay off our 30 year mortgage in ~10 years or so. Just the feeling that in less than 10 years we don't have to pay any rent or mortgage is so great! I don't know if you can put a price to that! Also, we are using only the money left over after maxing out our retirement accounts to pay the additional amount for mortgage - so we are not jeopardizing our future or anything. So, for now, I am good with this decision... but will keep reading and discussing this with the better half every now and then to check if priorities have changed.ispfhttp://www.blogger.com/profile/00928097981905476759noreply@blogger.comtag:blogger.com,1999:blog-37697766.post-42547144710435030352007-05-08T19:55:00.000-07:002007-05-08T19:55:00.000-07:00We've been doing the same thing with my student loan, even though it's locked in at 3.625% and our money market account is getting a better return than that. For two people who are so smart, how can we be so stupid? I understand the flack you get from this choice, since we're getting the same. However, you're probably dramatically shortening the length of your loan. If we drop back down to the stated payment on my loan, we'll have reduced the term from 20 years to 12 when all is said and done. Not bad for two years of silliness.Dimeshttp://www.blogger.com/profile/08457367927172471144noreply@blogger.com