[exiledhk]

and get tax benifit?

[captn_carrot]

If your other debts, credit cards, etc are paid off,then pay off your mortgage.Because the tax benefit is deeply lost by the interest rate on the mortgage note.

[cdadams1911]

Here's the simple answer. If your mortgage is about 6% or less and you can find a stable investment (i.e. a quality mutual fund like Capital Income Builder or Fundamental Investors) that has a 20 yr track record of returns greater than 9%, INVEST THE MONEY MONTHLY. By paying off the mortgage early (again, if the rate is about 6% you miss the opportunity to have your investment compound, which is really the secret to investing. Get an advisor, open a Roth IRA, and be consistent and patient with your saving. You 'll be glad you did.

[pebble]

If your rate of return is higher on an investment than what you pay in interest for your mortgage, invest it. If you have a low interest rate, it is not that hard to find an investing option that pays out more than you are spending in interest. Make sure you do your research and maybe listen to some professional advice before you invest though. While there are countless opportunities to grow your money, unfortunately there are many ways to lose it too. Remember the good ol' saying "don't put all your eggs in one basket." Good luck.

[heybulldog]

Pay off your house. Once you pay off your house. It's yours!!