tag:blogger.com,1999:blog-1893129263573703047.post4592390947914780771..comments2024-03-28T00:13:55.918-07:00Comments on A Frugal Family's Journey: Mortgage Balance (UPDATE) - March 2019A Frugal Family's Journeyhttp://www.blogger.com/profile/05093532273552790517noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1893129263573703047.post-5327720634292371812019-03-16T05:38:46.194-07:002019-03-16T05:38:46.194-07:00I totally understand the appeal of paying off the ...I totally understand the appeal of paying off the mortgage to free yourself from that monthly obligation. However, at such a low rate, and given that you would retire and then lose an income stream, if you ever did need to borrow it would be 1) harder without an income; and 2) more expensive. That said, you could also open a HELOC, which would be a higher rate of interest, but you wouldn't have to draw it down at all -- it's just there. I would open that line well before you retired. Caroline at Costa Rica FIREhttps://costaricafire.com/noreply@blogger.com