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Pay off mortgage or not?

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  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Taking a loan to pay the mortgage only makes sense if a) the loan rate is less than the mortgage and b) the loan rate is less than you'll get on your savings and c) you don't mind looking a little less attractive to lenders for your next mortgage.

    I would just pay it off. Any savings will be minuscule.
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