<prompt> Human: We owe 64,000 on a 3, 30 year, one year ARM. Monthly owed is 940, 475 of which is taxes. Weve been paying 2000 per month and project paying off in 2016; however, we have sufficient funds to pay off immediately and still have a good cushion.Any reason not to? I understand the mortgage interest tax deduction, and thats not really a consideration. Im curious about any other potential gotchas. For example, I heard insurance companies pay more attention to claims on mortgaged property -- something about the lender having clout. True? Anything else to look out for? Thanks!  <response>: The only reason not to is if you could make better use of your money elsewhere and statistically, you could or if you value liquidity. 