No regrets. We paid off our mortgage when we "downsized" in 2018 for three reasons.mrsgoldilocks wrote: ↑Mon Jun 07, 2021 9:29 pm Currently, I have a mortgage of 30 years at 2.5%. Since the beginning (which is Oct 2020), I have been paying extra so that I will pay off the mortgage in 15 years. And I'm also thinking to have early retirement around that time as well.
However, I'm always thinking if this is the right decision. Given that if I invest the extra payment monthly with 80/20 over stock/bond and my balance at the end of the 15 years, according to simulation, it's almost 100% chance to be able to cover my ending balance of my mortgage even after factoring in capital gain tax.
I understand that this is totally a piece of mind and personal preference thing; and for everyone who had paid off mortgage ahead of schedule, do you regret not investing your extra payment?
I really hate myself always going back to revisit my decision. I just wonder if others' personal experience can help me settle the issue.
1. We didn't want the pain and hassle of getting a mortgage.
2. We didn't want a mortgage payment
3. We considered the equity in the house like a bond equivalent and reduced the bond allocation in our investments accordingly which maintained our exposure to stocks.