There are, of course, about a million variables here that should be accounted for and there is definitely wisdom in the prior posts. However, I will tell you that in 1997 our "financial advisor" implied that we were looney toons for putting extra money in our mortgage instead of hot tech stocks that were sure to pay off huge. Now my paid-off first house is renting for enough to pay the mortgage on my second house and I'm getting the appreciation off of both. As for the hot tech stocks . . . we all know how that worked out in the longer term. I will also tell you there is a huge emotional payoff to owning your home free and clear! Good luck with your decision making
