[greglepore]

The more I think about this, my age makes this less of an issue. If I was 40, I'd pay off a 30 year by the time I was 70, and would end up with the equity and the cash, assuming no disaster. But at 59, I'd be 89. Maybe. Or in the ground. Since mtg's amortize much more quickly in the end years, it may not be the deal that it seems.

Plus, if I were younger and working, I could make up for investment shortfall with more work/income. Retired? I'd either have to return to some form of work or eat into my cash for living, or reserves.

So I'm thinking I agree with Vince in part-its a younger man's bargain. And I can afford the peace of mind, even if its a luxury.