corn18
Thinks s/he gets paid by the post
- Joined
- Aug 30, 2015
- Messages
- 1,890
As would I. I actually did this in ~2012. Rates were low, so I took out an equity loan against my house and invested it. I'd do this again if the conditions are right.
Congrats, but the money is still there. It's locked up in equity in your home. How much would that equity have earned if it was invested?
The money part of this is about cash flow. If you can earn greater than the rate of the mortgage, you'll come out ahead. It's not hard. It's also not hard to get more than 3.5%.
But if you want peace of mind, don't want to deal with the hassle of a mortgage, feel better about lowering your monthly cashflow, etc, then pay off the mortgage.
I’m sure you would have been equally happy had you done that is 2007 when you joined this forum. Easy to answer yes when you did it in 2012.