retire@40 said:What difference does it make if you pay your mortgage in "large chunks" or not?
For you and CT, paying off your mortgage in a regular 30 year mortgage is like paying rent. The reduction in principal is small (usually) with respect to the total payment. "Large chunks" is reducing a debt/fixed income portion of your finances. If someone is paying off their mortgage, they have made a decision that it is an "expense" they choose to have. Paying off a mortgage is also a decision. I'm looking for what people are actually living on by whatever means they determine what they need.