[absolootezer0]

If you have balances at low, fixed rates below 8 percent, obviously, be prepared to pay them off at any time, but otherwise, it's stupid from a financial standpoint to pay them off just because you can. You are better off allocating the funds towards more productive uses.

that's why i laugh at people that say things like "if i ever win the lotto, fist thing i'll do is pay off my house"
why? maybe pay it down partway, get a low interest rate mortgage and invest the money. i'd gladly continue to pay 6% on money if i'm using the money to make 10%.

[EarthBound]

i'd gladly continue to pay 6% on money if i'm using the money to make 10%.

I can understand the rationale there. But I'd rather not be paying a mortgage and have all that money I would be paying out to it available to me as quickly as possible.