Quote:
Originally Posted by s_wilwerding
One thing to consider - everyone talks about putting money into your house as an investment.
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Not everyone.
This brings up my main issue with the proposition of investment vs. paying off the house...EVERYONE's situation is DIFFERENT. You cannot make the sweeping, general statements that this way is better than that. You have to look at your individual situation and the state of the market (and your crystal ball
) during some window of time, and decide what's best for you. Cost / benefit tradeoff. Run some scenarios and see what makes the most sense. Consider your risks (investments, job security, etc.) and what you're comfortable with. To many people, owning their home outright provides a huge level of security, regardless of its investment value. That's my 2 or 3 cents.
