If you can afford to do it then this is the best move you can make
Quote:
Originally Posted by sid
I paid off my mortgage in less than six years. 25 years later, I still think it was the best financial move in my life.
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but it depends on what house you buy, where, and how much your income is vs expenses. It isn't for everyone, so don't panic if this is not you.
We moved to an "expensive" area about 8 years ago by the usual technique of buying a property needing work. Since then we have done the work required and reduced the mortgage amount by >50% by overpaying so hopefully we will be mortgage free quite soon, and if not then this house is a large part of our retirement fund when A-Junior has finished school and we can sell it.