[quote=AN] then I’d roll the cost into the loan as well. But I’m also in the camp that say we’ll see inflation and the $ will be worth less 10-15 years from now than today. So, no reason on to roll it in.[/quote]
If you believe inflation will occur sooner rather than later, you should want as much debt as you can handle that will be paid back in future cheaper dollars.
If CD rates go back to 5%-8% or higher, it will have been foolish to have accelerated payments to pay off a 3%-4% mortgage.
The unknown is ‘when’
It’s also a matter of responsibility and having something better to do with the cash.
Never underestimate the importance of liquidity/cash.
There’s a big difference between being broke and having debt & having cash earning higher rates
of interest and having debt.
