There are three reasons I want to pay of my mortgage, even though my interest rate is 2.99%:

1. Minimize financial risk. There are no risk-free investments. There is no guarantee I'll have a high income in the future. And there is no guarantee that the value of my home will remain higher than my mortgage. 2. Peace of mind 3. I don't want to deal with mortgage loan servicers. My loan seems to get sold every couple years and I have to log into sketchy, outdated websites with web addresses like phhloansphereservicingdigital.bkiconnect.com.