Why would I pay my loan off as soon as I can?
It takes “X” dollars to pay my loan off.
I have “X” dollars in a 5% CD. My loan is a 3% loan.
There are exceptions to every rule. Being debt free was always the goal for me and allowed me to retire at age 56.
I’ve owned four homes through the years. Not all at the same time; kept fixing them up, paying them off quickly and investing in the next one. This is the toughest market to do that in now, of course. It was easier in the late 80’s when I bought my first house (800 square feet!) through about 2005.
I’ve always made $50K or more on the sale of the houses.
YMMV. It depends on how you want to live your life. :)
brian1703 axes a question: “Why would I pay my loan off as soon as I can?”
Answer #1: Because you live paycheck to paycheck and have too much credit card and HELOC debt.
Answer #2: Because you love co-owning your home with a bank.
Answer #3: see answers #1 and #2