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<p>[QUOTE=&quot;andrew289, post: 1669710, member: 6463&quot;]The paying off the mortgage debate is a fun one but there are to many variables to apply across the board to all home owners. It does depend on your family size and needs or anticipated family size along with and you (and/or your spouses)job security. I paid off my house when I sold my first business. When my second business failed, it was nice not having a mortgage payment until we got back on our feet again. Now I&#039;m looking to sell my third business and after that, I&#039;ll be able to look for a second home and get back into mortgage payments again (for the interest/points deduction). But the second home motgage will be 15 years instead of 30 for sure.</p><p><br /></p><p><br /></p><p>Mortgage debt is considered &quot;good debt&quot; as long as the interest payments are deductable. With the new normal of the slow stagnant economy who can say they will be able to pay the mortgage (even at 2.75%) on a regular basis. Sometimes renting is the smart way to go until your future is more secure (if only in your own mind).[/QUOTE]</p><p><br /></p>

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