The blog poster is an idiot. IMO anyway.
First he refinanced a 20 year note into a 30 year note. No discussion ensued on the interest paid on old note to new note (that discussion should preface any pay down discussion). His analysis is not comparing apples to monkeys, apples to oranges or apples to apples- meaning scenario a and b for him are two vectors with very little in common.
Paying off a mortgage early depends on following factors:
1) tax bracket
2) interest rate on mortgage
3) retirement date
4) other portions of financial picture in order (meaning EF is fully funded, retirement is on track and other financial goals are met without issue- like new cars, vacations and similar).
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- General questions get general responses. Specific questions get better responses. Want a better answer? Re-read my signature LOL
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