I live in So. Cal and am healthy (62). Retiring area requires full payment on new home. Am looking at $200k to $240K homes. Plan to volunteer.
Answers:
I would say pay off mortgage when you can. You are paying interest for every single penny borrowed and you will have money then when ever you need.
I believe I would pay off the mortgage because no matter what happens you will have a roof over your head plus the housing market will probably go up again and if you want to sell later, you could make a nice profit (providing you want to move). Good Luck !!
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