> even shaving 10 years off that time frame will net you a lot back in your pocket to invest and make money on it
what about just investing it in the first place instead of paying down extra on the mortgage?
why pay extra on 3% (or less!) debt to free up cash flow to use for some ~6-10% investment when you can just take the extra from step 1 and skip right to step 2
It possibly would have been better long term to invest it but the peace of mind a low monthly payment brings is really nice.
If I can gather another largish chunk of money I’ll definitely be looking to get rid of the mortgage completely.
While it might not have been the best long term move you never know what the future will bring and also I think having that feeling of freedom right now counts for a lot too.
+1, and if you've ever been evicted from a rental/lease for capricious reasons dreamed up by a landlord who just wants you out so they can raise the rent, the peace of mind of "I can't be kicked out of this house, and nobody can take it away from me for failure to make a mortgage payment" is part of my life experience and feelings. "No HOA" was a hard requirement when I was house shopping.