I was in my house for 15 years. I have nine years probably still on the mortgage market. I toyed with the idea, most of my savings to pay the mortgage and refinance up to 20K. My job is stable (knock on wood). I currenty have an interest rate of 5.25%. I have no other bills other than utilities.
I hesitated to do something bold. I am the sole owner of the house and it’s a bit scarey but about a low mortgage every month to fund free indeed.

There is always a good time to buy the house. Personally, I say, why stop at 20K? Why not pay? In the absence of a mortgage, you should be able to accumulate cash and debt free fast. If you really need the money in the future, it is really easy to borrow. Just take a HELOC on the property.

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