My dad took out a twenty year VA mortgage in 1966 at age 49. He died two years before it would have been paid off. At the time, it didn’t make sense to pay off his mortgage early, because it was locked in at a low interest rate, and rates of return were higher in other investments, include a regular savings account. This presumes that he invested the money, rather than spending it. Continue reading How Long Should You Be Paying Off Your House?