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OperationEast365 t1_j3refrx wrote

If you income tax rate is higher than your mortgage interest rate (and I promise you it is), you should consider maxing your HSA instead of making additional payments on your mortgage. Actually, with almost every financial product yielding more than mortgage interest there is almost no conceivable reason to be making extra mortgage payments.

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vinay_s OP t1_j3rjaqd wrote

It’s more of a peace of mind thing for me. I’d rather just be done with my mortgage sooner rather than later. I did the same for my car. I understand it’s not the most logical financial decision. But I feel better not having any debt.

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OperationEast365 t1_j3rkpbr wrote

Yeah, fair enough. I've seen other posts where folks didn't seem to understand the opportunity cost, but it looks like you're making a conscious choice. That's good to see.

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