[quote=svelte][quote=scaredyclassic]im not sure i can see a future where having no mortgage is the smart move for anyone with some other assets and income. [/quote]
that doesn’t sound like a scaredy cat…has this site affected your outlook?
I’m at the age where I just want to pay off everything and cruise into retirement. I’m paying down my cars, my mortgage, electricity is now free. I don’t have any kids to support, my wife lets me do whatever the f I want when I want to do it. What else could I ask for?
I can now look forward to retirement in a few years where all I do is pay my various taxes, my insurance, buy a bit of food and live worry free. I’ll sleep when i want, eat when I want, get intoxicated when I want, travel when I want, answer to no one.
The day is coming up fast and I am ready.[/quote]
I dont miss making mortgage payments, but with rates this low, if I still had one, I would definitely be refinancing.
I thought about refinancing with a cashout so I can buy more properties. I guess I’m getting lazy and going back and forth on whether I want to destabilize things and take on more risk. I like having a very positive cash flow despite still working, and work has never been a drag for me, so maybe I’ll try to work for a few more years and wait to see if we have a correction in the housing market. I want to pick up at least 2 more properties and then I will be done.
I have 3 more years of accumulating in the 529k account, and kid should be set for a 4 year bachelor’s in the worst case scenario at a private school.
