Established Contributor
Pilotdude
Posts: 955
Registered: ‎02-02-2013
Re: If I have the money to pay off my mortgage, should I pay 100% or 95%?

Absolutely pay off your house if you can.

 

It stays on your report for 10 years AND its a paid off asset. 

 

Maybe if it were a commercial or investment property and not your primary residence it would be different but heck yea, if you can pay off the house, do it.


NFCU #1 Fan!! NO MOAR APPS TIL 10/13 Minimum!!
TU -746, EX - 721, EQ -745
Cards:NFCU Flag Visa Sig $10000, CSP $8500, AMEX BCP $2000 Freedom $3500, Disc IT $5000, Cap 1 Green $2100, Credit 1 CLOSED! AU on Amex Green, Discover $2000, Cap One Plat $1000