No. of Recommendations: 1
"To make a higher rate of return on your money than what your mortgage is may take a magician, or someone with a crystal ball. I'm probably overly cautious, but better that than end up with??? Am I being too conservative?"

Hi Gup,

To each his own, I tend to agree with you. I paid off my house 12 years ago at age 50, and don't miss the payments at all. It's an intangilbe benefit, the feeling of no mortgage ;-) Mmmmm I like it. Tax wise I have more than the standard deduction without mortgage payments. Could someone do better as described in the post, probably/maybe, but I think you need to be suited for it temperamentally... I'm not. Also lack of a mortgage has allowed me to work part time for the past 7 years. A lot of time to pursue interests other than work. Can't buy back any time when the end comes.

Whatever works for you, Ken
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