Quote:
Originally Posted by asianthree
It depends, OPM (other people's money). If your mortgage interest rate is 2.15%, and your investments are at 6.78% then OPM can be a smart move. Of course your investment guy should be making sure your money is working for you.
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Amen on that. We could pay off our small mortgage but investments yield more than the interest rate. Oh, and there is a tax deduction for mortgage interest, though that may not help everyone. However, some people feel more secure with a paid off mortgage. Everyone needs to make their own decisions. It's not a one size fits all.