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Old 09-29-2021, 10:06 AM   #21
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Location: North Vancouver, British Columbia
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I also have no mortgage, maintain a line of credit. The balance for it is $0. I wanted to get rid of it but was advised not to because it would be difficult to get another at my age and on a pension.
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Old 09-29-2021, 11:33 AM   #22
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Then it was the farmer who won a million dollars on the lottery.
One of his friends asked.: Hey Bill, what are you going to do now when you won a million dollars.?
The answer was: I guess I keep farming until it's all gone.!
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Old 09-29-2021, 03:06 PM   #23
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I'm clearly in the minority here, but I'm in no hurry to pay off my mortgage with a rate of 2.75%. I'll keep that money invested in the market, and with even modest returns of 8% or so, just the earnings on the investments will entirely pay for the house. You have to have some cushion to ride out a downturn in the market to do this and/or income adequate to pay the mortgage in the meantime, but it's just hard to pass up money at these historically low mortgage rates.
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