Paying off mortgage quicker. Why?
Not sure the point of paying a mortgage off quicker (when you are retired) for a couple of reasons.
1> if you have a mortgage at current rates (if you don't please refinance
) I believe you are paying lower than you should be able to achieve in the market. Instead of paying each month more principal, invest in an ETF or mutual fund. Over the long term you should do better than current mortgage rates of 3.5% - 3.75%
2> We're all (or will be) frogs and will eventually croak. You can't take it with you; spend the extra money now or as per (1) above invest for your later years. Let your heirs worry about selling the house and paying off the mortgage. They should inherit a nice amount say 30 years down the road when Court Yard villas will go for say $750,000
JMHO
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