<prompt> Human: I keep having a large feeling to pay off my mortgage but it is at 2.625 and 10 years. I have already paid extra on it and owe 68k of the original 124k.It just seems so nice to not have the 1205 payment and even though the interest is only be 1700 this year, I still really want to pay it off.  <response>: Theres an illusion of security when you pay off your mortgage early. People like Dave Ramsey also like to talk about the ills of debt, including mortgage debt. The reality is that mortgage debt is the 1 way that people in the US build wealth. By having that 2.625 rate, and not having to pay all-cash on your home at purchase, you free up a massive amount of cashflow to invest. Though sure, you wouldnt have the 1,205 payment, you would be underutilizing your money by not putting that extra cash into an investment. Shit, at 2.625, you could get really risky on an investment and still probably make money. A conservative investment in the market will get you 7 in 10 years, which is a much better utilization of money than the 2.625 rate of your loan. You absolutely shouldnt pay off your mortgage early. Interest rates will likely increase over the next 10 years, and youll be kicking yourself if you wind up letting go of the sweet deal you currently have. 