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Note the above order of operations does not have pay off the mortgage listed. It would fall under the category of interest rates above 5% if someone were silly enough to have such a bad mortgage interest rate.
A high mortgage interest rate still doesn't mean pay it off, it means refi it when rates are low.
I'm still kicking myself for not doing a cash out refi. Getting equity out at 2.xx% tax deductible interest is a no-brainer, especially when inflation is exploding.
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