[rarestia]

Complete and total claptrap! Paying off your mortgage means you’re relieved of a $900+ burden every month, EASILY overcoming the tax benefits realized from maintaining the mortgage.

How these financial planners promoting mortgage retention stay in business is beyond me. That’s the first, and often the last, question I ask when I meet with a financial planner. If they advocate for holding the mortgage, I get up without a word and walk out.

[riverdawg]

“Paying off your mortgage means you’re relieved of a $900+ burden every month.”

It also means you are “relieved” of the possibility of earning a higher rate of return on the money you used to pay off the mortgage.

[CottonBall]

Paying off your mortgage means you’re relieved of a $900+ burden every month

And also are 'relieved' of the $250,000 it took to pay it off.

Just looking at the monthly cost reduction is a tiny part of the big picture.

[prov1813man]

Reminds me of an old saying:

“there are those who understand compounding interest.., and those who pay it”