Um...yes, I'd say that is approximately three years "early." Sorry our decision doesn't suit you, but it's our money after all. Thanks for your input.
SaraW - I'm sorry if my post was misinterpreted by some here. Please note, I never said it was a good/bad decision - simply that there are pros-cons, and I don't see that any of them are so great as to warrant the "happy dance" (no matter which decision is made). And like I said, I *am* happy that you have the financial ability to be able to pay it off. Whether you do or not is certainly up to you.
For *that*, I give you: the happy dance!
I don't have a dog in this fight, and agree there is merit in both sides of the do/don't payoff the mortgage early argument. But I do think, despite your statement to the contrary, bringing up this circular topic on what appears to be a celebration thread serves only to annoy. I see it as bordering on trolling and an unwelcome turn to what has been a positive topic.
?
Well, we are all entitled to our opinions I guess. And accusing someone of trolling (or bordering on) isn't very nice, in my opinion.
My post was factual, and
meant to be helpful.
FACTUAL - because it is true that it has been debated here. If early pay-off was the "slam dunk" that the party dancers imply, it wouldn't be debated, it would be accepted (like LBYM). Maybe I missed the post that declared it a slam-dunk (on either side), but I don't think so.
HELPFUL - because there are lurkers, and newcomers who may be unfamiliar with the issues discussed in the past.
If they see nothing but party-dancers, they may assume that early pay-off is the holy grail of FIRE. I'm just pointing out that there are pros-cons, and others might want to review that against their situation.
Not only do I not have a "dog in the fight" (I've never taken sides, just pointed out the pros-cons), I don't even consider it a "fight". It is just information.
So I don't understand why you would see it as trolling, but again, I also don't understand all the excitement over using savings to pre-pay. But people can view things differently, discuss and compare those views. If that is "unwelcome", we ought to all sign off from forums and other social interaction and just talk to ourselves in the mirror, I guess.
There are plenty of threads that might be unsettling to some people - pointing out that a 4% SWR rate can often result in some scary dips in Net Worth might be unsettling to someone on a 4% WR, or pointing out that having most of your Net Worth tied up in a single stock might be unsettling to someone who has done that and thinks that stock is a sure thing. Yet, I think we do a service if we point out what may be unsettling, and a disservice to ignore it, in favor of "happy talk".
At any rate, the OP appears to have got an answer on the documents, so hopefully this can end here.
-ERD50
