Just paid off a large chunk of mortgage recently. Monthly payments are now under $500 a month.
It possibly would have been better long term to invest it but the peace of mind a low monthly payment brings is really nice.
If I can gather another largish chunk of money I’ll definitely be looking to get rid of the mortgage completely.
While it might not have been the best long term move you never know what the future will bring and also I think having that feeling of freedom right now counts for a lot too.
> ...but the peace of mind a low monthly payment brings is really nice.
+1, and if you've ever been evicted from a rental/lease for capricious reasons dreamed up by a landlord who just wants you out so they can raise the rent, the peace of mind of "I can't be kicked out of this house, and nobody can take it away from me for failure to make a mortgage payment" is part of my life experience and feelings. "No HOA" was a hard requirement when I was house shopping.
It possibly would have been better long term to invest it but the peace of mind a low monthly payment brings is really nice.
If I can gather another largish chunk of money I’ll definitely be looking to get rid of the mortgage completely.
While it might not have been the best long term move you never know what the future will bring and also I think having that feeling of freedom right now counts for a lot too.