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I like the idea of keeping a lower payment for a longer term. When I have extra cash I put it to the principal. If/when I dont, I have the flexibility to just pay the minimum.
The biggest issue I have is the opportunity cost of paying it off. Not that I've made much $$ lately, but I keep putting some extra in the market. Maybe I'm too optimistic but I have to think the market is going to beat my mortgage rate. Also, for me at least, having no mortgage but little cash doesnt make me feel comfortable. I struggle with that balance every month.
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