Your barber is right - a million & no mortgage debt to retire (we aren’t there yet, but that is the goal).
For us, it made sense to refinance to a 10 yr mortgage (it’s not that much more a month, but the house will be paid off alot quicker).
Same here - we recently got 2.87% through our credit union for a 10 year. Payments are actually lower, but we're continuing to pay at the old rate to get out of debt sooner.
>>For us, it made sense to refinance to a 10 yr mortgage (its not that much more a month, but the house will be paid off alot quicker).<<
We paid off our mortgage in California about a year ago (15 year mortgage paid off in 7), but then decided to move to Texas. I could have paid cash for the new place, but with mortgages at 3% it is almost free money. We’ll pay off the 15 year mortgage in 6 years.