When all gets said and done most of us do not care if the banks wind up selling their loans (our mortgage). It does not change anything. The banks make a profit and there is still enough left for the new owner to make a few $$ as well.
As far as never having a mortgage or paying interest...that is fine if that is one's choice. But as some have already stated having a mortgage for less than 4% and making 8% in investments is a no brainer.
Granted there is a satisfaction in knowing one does not owe anybody anything.
I have always subscribed to the practice of using other peoples money (banks) as long as it makes more money fo me to do so.
A lot of retirees have a goal to have their house paid in full. Again fine if that is their goal.
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