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<p>[QUOTE="crazyd, post: 3114603, member: 67221"]<i>"looking at the "Economic" and "psychological" aspect of paying the house down and having NO house payment. You have a LARGE cash flow after that as you no longer have a house payment"</i></p><p><i><br /></i></p><p><i>Agreed. I always read - don't pay your house off early - invest the money instead. Nope - Several years ago we expanded and renovate our home with features we love - and could age into (single floor home, brick and vinyl siding, walk-in showers, etc). We decided to covert to a 15 year mortgage back then which times well with my wife's retirement. Its been hard making that larger payment. In 8 more years with no crushing huge mortgage I can then drop to reduced hours, and ease into full retirement as I please. We live in a nice little town with many free things to do, hospital, shopping, and beach all within 7 mins drive. Having our nice home paid off will be such a good secure feeling. I dont need or want much in retirement - visit kids/grankids, our home, basic foods, medical, netflix, a few nice free activities around, and a bit of coin collecting.</i></p><p><i><br /></i></p><p><i></i>[/QUOTE]</p><p><br /></p>
[QUOTE="crazyd, post: 3114603, member: 67221"][I]"looking at the "Economic" and "psychological" aspect of paying the house down and having NO house payment. You have a LARGE cash flow after that as you no longer have a house payment" Agreed. I always read - don't pay your house off early - invest the money instead. Nope - Several years ago we expanded and renovate our home with features we love - and could age into (single floor home, brick and vinyl siding, walk-in showers, etc). We decided to covert to a 15 year mortgage back then which times well with my wife's retirement. Its been hard making that larger payment. In 8 more years with no crushing huge mortgage I can then drop to reduced hours, and ease into full retirement as I please. We live in a nice little town with many free things to do, hospital, shopping, and beach all within 7 mins drive. Having our nice home paid off will be such a good secure feeling. I dont need or want much in retirement - visit kids/grankids, our home, basic foods, medical, netflix, a few nice free activities around, and a bit of coin collecting. [/I][/QUOTE]
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