RE: Natural Gas3 Feb 2024 08:43
Just to jump in, sorry with a view on mortgage or not. As we age there’s always the possibility that work stops unexpectedly, being in the position to not have a mortgage provides a comfort blanket that’s irresistible. In terms of Maslow’s hierarchy of needs, roof and food are your base layer, everything else is a bonus. I was hit 7 years ago with mortgage and not a small one. I never expected to go from good numbers to zero! Having the house paid up would have removed lots of stress. To retain a mortgage after a low rate deal expires is a very personal decision, who knows what the rates will be in 25, but I personally don’t see them being below 2.5% again.