Quote:
Originally Posted by TheMentat
My thoughts exactly...
I can understand the benefit of being entirely debt free if you want to just "coast", but I'd be surprised if you couldn't think of an investment that yields more than 4.5% with moderate risk... that is an easy spread to pick up with any funds from a refi...
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I would dare say that "most" who have the financial discipline to pay off their primary mortgages are not the type to simply "coast", but continue to invest wisely, buy investment properties, etc. without having their home "in play" if their merry-go-round suddenly stops. Having spent much of my IT career in banking (during the heyday of acquisitions, mergers, head count reductions, etc.), I observed MANY successful, highly paid (typically management is the first to get the axe) types suddenly stressed out to the max, and learned my lesson early on. Of course, one isn't "maximizing leveraging" by keeping their home out of the equation, but I prefer to have slightly less leverage with KMA investments (Dueller's term) instead
. Different strokes...congratulations Jim!!!