Reply To: payoff home

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#155952
SherrieL
Participant

Are you “underwater” in the home? If so, just pay the mortgage to have somewhere to live. If not, are you possibly going to need some renovations to enable you to live in the home, like a stair elevator? Should you pass away, will your heirs want to live in the home or will it be sold? If, for example, you have a spouse who may out live you and want to stay in the house, a paid-off house would be a blessing, otherwise, I would maintain liquidity.