No. of Recommendations: 1
I've got two paid-off homes and two with mortgages. I've been struggling with the idea of paying off one or both of the two mortgages. I'm naturally inclined towards the "don't owe anything to anyone" mindset, but I've been getting more ROI on my stash than the mortgage interest takes away. It's really troubling me.

Another contributing factor is that I've got an insurance pay-out check for a new roof, and I've got to get it endorsed by the mortgage holder. In order to get that, they want me to send them all kinds of documentation about the roofing contractor, the scope of work, etc. I've been thinking it would just be easier to pay off that mortgage and have the insurance company reissue the check in my name only.

First world problems, huh?

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.