Originally Posted by
CBreezy
This. I considered paying off our house during Covid then did a bunch of research and talking with professionals. I refinanced into a stupid low interest loan instead and kept the money I was going to be using to pay it off making money for me. The same with the decreased monthly payment.
Yes. A lot of folks think having a mortgage is the worst thing in the world. If you refinanced into <3% during COVID then you are better off paying the monthly minimum and keeping the rest of your cash in cash collecting 4% interest or tied up in a 6% DAL bond. Going against the normal can be beneficial sometimes!