Hey Guys-
Another long time lurker here that has enjoyed and learned a lot from reading everyone's posts! My wife and I are 33 and have approx. 200k in investments and around 80k in cash. Our only debt is our 30 year mortgage of 240k @ 4.75%. What are some opinions on to pay off the mortgage or not? I have read myself silly reading the pros and cons of this issue. I have also done the math and the long term significance looks like if we were to put our monthly current mortgage payment into a index fund with a 6% annual return; we might actually come out ahead in the long run. Our house is probably worth around $330k in today's economy. Thanks for your input!
Another long time lurker here that has enjoyed and learned a lot from reading everyone's posts! My wife and I are 33 and have approx. 200k in investments and around 80k in cash. Our only debt is our 30 year mortgage of 240k @ 4.75%. What are some opinions on to pay off the mortgage or not? I have read myself silly reading the pros and cons of this issue. I have also done the math and the long term significance looks like if we were to put our monthly current mortgage payment into a index fund with a 6% annual return; we might actually come out ahead in the long run. Our house is probably worth around $330k in today's economy. Thanks for your input!