Paying off personal residence

[Shaun R.]

The only benefit that I've heard from people of carrying a mortgage on your personal residence is the tax benefit.  Maybe it's because my interest rate is so low, but I don't have enough deductions (including my mortgage interest) to itemize.  I come out better every year taking the standard deduction.  

I'm asking because I'm starting to aggressively pay down my mortgage now, and once it is paid off I plan on renting the house out and we will move on to our next house.