Originally Posted by MDJO
Paid off mortgage a few years ago at age 55. With today's rates so low, if you are willing to take the risk, borrowing at low rates and investing makes sense. I didn't owe that much and it just felt good to quit dealing with the bank.
One of the problems is with the fees... to get a new mortgage will cost maybe $5K, or more... that is a lot to overcome without a good return...
When I bought my house, I priced that into what I was willing to pay...