neatokimmo
DIS Veteran
- Joined
- Jul 1, 2006
At the time of payoff CDs were paying 1-2%. Savings accounts were maybe half a percent. We had a 15 year mortgage and I did the final payment in year 9 or 10.I don't follow this argument. If you still had the money in savings or CD couldn't you just pay the mortgage with those funds?
Besides if things go south quick and you need help, having 100k in your savings guarantees no help. Having a paid off house is a gray zone for some programs.