I believe paying off the mortgage is a good thing to do just as long as it's not in lieu of something like your 401(K). When you bought your house, the financing showed you how much you'll be paying in interest. By paying it off, you just guaranteed yourself a return. Now I could see using that money instead to invest but realistically how much can expect to make in the stock market a year and is it worth the risk. We paid our mortgage off a few years ago and we saw how quickly we accrued more dollars for investments. Then again, we're conservative investors since we both were burned by a "financial advisor" when we were younger before we met.
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