[cuz68]

Originally Posted by Supertacks

Bingo . . . its an emotional thing. The idea of owning it free and clear and eliminating
the stress and burden of the mortgage is totally appealing to me. Isn't part of the American Dream to own own our homes. How many of us really achieve it.

Any one here own there homes free and clear. What did it feel like the day you made that last payment.

How much financial freedom do you now have to chase other opportunities that you had to pass on previously because you didn't have the cash.

Right now I do not have the extra money to invest the way I want to. My employer does not offer a match, so I am feeling like my investment strategy is even less effective. If my house was paid off . . . you can bet that 80 percent or more of the money I currently pay on my mortgage would go right back into investments.

I would also like to start my own business. I cant get past the risk of a potential income hit during start up, so its not even a realistic consideration for me. No mortage eliminates that.

If I wanted to make a career change I could do that knowing my income would suffer a bit. Not possible with my mortgage.

Also

If something happened to me. My wife would not have to worry about the house.

I know on paper it won't calc out. But I am least going to go through the analysis. If its close, it really could get some consideration.

Did you read my post where i paid my home off? I am very happy and feel very good about it, NO more payments means a lot too me, Good luck on what ever way you go. Click on my gto and you can find my thread.