Originally Posted by Qotsaautopilot

If your primary home is paid off I’d say great. We carry so much risk on our medical certificate. Any one of us could medical out before our next exam. We are racking up guys who will never fly again due to fumes. Even with LTD income I think many pilots would have a major problem adjusting their lifestyle needed if owning multiple properties mortgaged to the hilt. Even then some of those properties my have to sold and potentially at a loss if the housing market is down.

If your primary home is paid off you can take much higher investment risk. Fact is if LTD doesn’t cover the cost of servicing all that debt then one might find themselves out of their family home if it’s not paid for.

I’ll continue to pay down my 3.37% mortgage so that if something terrible happens I know we will be able to stay in our home and not moving into a crummy apartment.