Quoted from EricHadley:I'm 46. No other debt. Interest rate is 4.55% monthly interest & principle payment is 3k plus another $600 in escrow items that wouldn't go away. 3k/month would buy back approx 5 games a year. With the tax law change my interest is barely tax deductible because of the $24k per couple standard deduction, which means all 4.55% is basically going down the drain. Paying off a house is one of the most financially stabilizing things a person can do, living basically rent free with the exception of property tax, insurance.
Your interest is good, but still a little high compared to mine; 2.35%. I honestly think I locked in at the absolute bottom in July of 2012. Still, by today's standards you are sitting pretty. Consider your interest rate a loan to yourself, or so my CPA says.
I have 35+ machines. I could sell them and cash out, but then sellers remorse would set in big time, I'm sure.
You have to consider all the time, energy, and emotion you have put into your collection and what that will mean if it's all gone.
Just my two cents, which is worth about, uh, two cents.
Terry.