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Why mortgage free?

doctor-dee · 2011-02-16 21:28:06

I've just come across this forum and can't help but wonder why everyone wants to be mortgage free so badly? Sure, I can see it being a good feeling to be debt free and own your own home outright. But given such low mortgage interest rates over the last 18-24 months and a recovering stock market it surely made more sense to…

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mintedmatty Posts: 291 Forumite

28 February 2011 at 5:41PM

For me its because its a debt! I dont like having anyform of debt whatsoever, Id rather have my money earning interest for me rather than the bank!

I know that with prices as they are the only way of getting the equity in our house is to overpay and reduce the mortgage as much as possible.

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Why mortgage free?

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