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.

[Jay Hinrichs]

most will tell you to leverage.. and if your thinking of adding homes maybe that's best.

if your like me an old dog  paid for personal resi is number one goal.

30% or better of homes in the US are paid for espically in the mid west were home values are so  low. it leads to stability in those markets.