Overcoming the Idea That Paying Off Mortgages Is A Good Idea

[Wade G.]

Overcoming the mindset of paying down mortgages is a dilemma for me. Considering the low interest rates I am going to refinance a couple of my SFH rentals and my primary residence. It makes financial sense to me to refi and use the proceeds to buy more and better assets. On the other hand its hard for me accept reduced cashflow and new 30 year terms. I understand all the reasons to use leverage and pull equity out. I have no desire to pay off any RE other than maybe my primary residence and even that goes against financial sense. Has anyone else had this struggle?

[Twana Rasoul]

@Wade G. It doesn’t always have to be about optimizing everything and maximizing returns. There’s something to be said for having peace of mind and comfort