Today, we made the final payment on our house. We paid off our mortgage ahead of time. We were advised against paying off the mortgage early because it doesn't make sense mathematically to pay off a loan that has only 3% interest. Our financial advisor said many times that we'll make more money investing but sometimes heart (or mind) wins over math! Especially for people like us who have job security, paying off the mortgage is not usually recommended but to each their own! A paid-off house in the early 40s was our dream that came true! We put most of our extra money towards the mortgage without sacrificing family fun, 529s, or emergency savings. It was a conscious decision we made as a family to allow us to live our life to the fullest! A simple life with no pressure of paying the debt. A life where we can enjoy our little family and travel to be with extended family without having to worry about expenses. Our dreams have never been to own a Ferrari or a mansion for our friends to drool over. We are simple, practical people, maybe even what some would call boring. Even though I wasn't always financially astute, I have learned to manage our finances and we both agree on one thing (most things we don't agree on ), that we wanted to be debt-free before kids head to college. But it happened much sooner, thanks to our overload months of salaries for the last 5 years that helped make larger payments. While most financial advisors would say that the mortgage is good debt and you should invest the money instead but they won't tell the amount you would save by paying it off early. In the first 10 years, the mortgage payment is mostly interest and a little principal amount. With the recession and the market hitting its lowest, I am sure we will still be ahead on savings. Even if not, the peace of mind is worth it. Paying off our mortgage doesn't mean we are tied to the house. We are still open to better opportunities and if something comes up professionally that we like, we will be open to moving and starting another mortgage journey. Even if we move, this will be our home. We love the city and surrounding areas and will happily rent out our house if we move. This experience has made us aware that our needs and wants are simple. Writing this with the hope that if you are on the fence about paying off debt early, go for it and truly own the house!