<<Do those who have prepaid mortgages regret it or think they did the right thing? Do those who did not think they played it the right way? Any opinions/experiences welcomed.>>My retired uncle had regrets about having a fully paid-for house in retirement. After what happened to him, all my other aunts & uncles are working on re-financing their houses.He went to the hospital with minor chest pain, and left with a quintuple bypass. Even with Medicare, insurance, etc. they still had to come up with a lot of money to get him the level of care they wanted. But the bulk of their assets were in the house and other land--very illiquid.Want to hear a good laugh? Call up a banker and tell him you just had 5X bypass surgery and want to borrow some money. "Retired, hmm? No salary? In a hospital after a major heart operation? And you want to borrow some money?" CLICK!Don't do it. Keep your assets liquid. My Mom has enough money to buy her new house for cash, but she is getting an 80%LTV 30-year mortgage. You want peace of mind knowing that your house is all yours? How about the peace of mind in knowing that you can pay off your house by making one simple phone call to your stock broker?Ray
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