Originally Posted by Chocaholic (Post 11996515)

I say, pay it off and close that little chapter. I hate owing money and sleep better when I don’t.

Originally Posted by bugstrider (Post 11999336)

Mrs Bugs n I are working hard to pay the mortgage off. Would be ideal to roll into retirement with no house payment. We’re tryin

Paid the vehicles off.


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Originally Posted by BK911 (Post 12000486)

Good plan.
I almost double my mortgage payments so the house in paid off in 7.5 years when I retire at 62.
Now I am thinking of dumping the extra $1k to the mortgage to pay the house of even earlier.
So instead of having the house paid off when I retire, I will retire when the house is paid off!
Quick math says ~5 years to go if I pay an extra $1k on top of the extra I already pay.

Originally Posted by BK911 (Post 11994662)

Refinanced my truck a few years ago to payoff my retirement cabin lot.
Still owe just under $10k on the truck at around 2.5% interest.
Not sure what my monthly payment is, but I pay $1k every month.
So it will be paid off by the end of the year.
Thinking to just pay it off to get it over with, but at 2.5% it is almost free money.
Quick math says the interest is *only* $20 per month.
But $10k in the bank isn't making $20 per month!
I really wouldn't miss the $10k and do not need to buy anything else with it.
So what do you smart fellers think?

Originally Posted by ckcarr (Post 12000578)

He combines that with your remaining "good" quality of life years remaining..