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I retired in 2010 with a big mortgage (so it seemed). I was OK with that debt because it is an acceptable fraction of our total liquid assets. We ended up selling the house and moving from Michigan to North Carolina so we'd be close to the grandbabies, renting for a while until we figured out exactly where we wanted to live

Since then, we've bought a house (and sold it), bought a motorhome and bought another house. Loan on the motorhome (6%?) and mortgage (@ 4.25%) on the house. We earn far more than that 4.25% (or 6%) with the portfolio and feel it would be small-f foolish to pay the mortgage when I can earn double digits. Just another monthly expense.... and not the largest one. No big deal. :)

I do, however, toy with the idea of paying off the motorhome. Why? Just something that makes me want to reduce our payments. Not a rational thing, more of an emotional thing. Might pay off the student loan too. It's low cost, but emotionally I'd like it. Together, they're under $40k, so no big deal anyway.

Rob
Rule Breaker / Market Pass Home Fool & STMP/MTH Maintenance Coverage Fool
He is no fool who gives what he cannot keep to gain what he cannot lose.
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