I have never seen a rich man say he got rich by paying someone interest on money. Your 31. So double up on some payments and you can have that loan knocked out in under 10 years or so. Then take the money you had been paying in payments and save/invest it. By the time your ready to retire you will be setup fairly well.
There are other things to keep in mind on owning your home. If you have a loan you can lose your home. You never know for 100% what will happen. If you suddenly are unable to work having your home paid for means you can ride it out for a longer period.
We paid off our first home in under 10 years. The farm in 12 years. It made things tight at time but later on we where able to ride out the rough times while others went broke.
So I would keep a good emergency fund and then pay off the house ASAP, regardless of the interest rate.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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