“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.
Sorry, there’s no convincing me that holding on to a mortgage for a tax benefit is a good idea. I’m debt-free except my home, and I’m dumping scads of cash into that as quick as I can. I’d rather take my $1000 a month and dump it into a mutual fund.
I agree.
Folks forget to factor in opportunity cost.
When I downsized houses I pulled out $200k @ 5% fixed for 30 yrs.
This looks like a late 70s/early 80s replay to me.