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there are no decent returns anymore. nothing more liberating than a lack of house/car payments
there are no decent returns anymore. nothing more liberating than a lack of house/car payments
^^ In that case, it sounds like you (and Kunk) answered your own question.
Do you have a safety fund that allows you to meet 9-12 months of expenses after you've paid off your mortgage. If not, I'd keep the safety fund there to make sure that nothing bad happens, especially in this economy. If you've got enough cash to pay off the mortage and then another year's worth of expenses saved up, then there's no reason not to do it.
don't sign up for the every other week program. It's much better just to put more towards principal yourself and keep the required payments the same just in case
Although if you're not maxing out your tax deferred benefits through a 401k or IRA, the 4.75% (you're really only paying 3/4 of that after tax benefits), it may be more financially beneficially to max out your retirement savings and then pay off the mortgage.
Do you just simply save all that money that you used to use to pay off the house and car?