Quoted from cottonm4:The gamble is will they keep appreciating in price? Or has the price move of the last few years seen the top for awhile and you could indeed buy them back for the same money a little later? Or could prices crash as AC-DC alludes to.
I paid off my house in 1995. I know the financial types will talk about how you need to keep leveraged up and "HAVE THAT MONEY WORKING FOR YOU !!!!". But I have never been sorry that I paid off my house early. Being mortgage free let's you get some of the best sleep you will ever get.
Keep your 3 most favorite pins so you have something to do around the house and pay as much on our house as you can.
Absolutely. Having no mortgage gives you leverage on insurance, other loans, and sleeping better. I just did it many years ago and never looked back.