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I came to the same conclusion that the interest write off is nullified against the taxes you would pay on the securites you sold to make the mortage payment. So you can take the tax-write off portion of the home loan out of the equation to decide if you want to pay off the house.

For us, it was more a disaster preventative measure that we don't want to have anybody kicking us out of our house if the stock market really went bad. However there is still the issue of property tax payments that have to be made. The solution is to have 5-10 years of property tax payments set aside in MM or T-bills, CD's.
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