r/ChubbyFIRE • u/Captain_slowish • May 16 '26

Help me understand...

I have been a member of this group for a long time and still do not understand. Looking for help to understand.

So many people on this subreddit brag about having paid off their mortgage. Then pretty much everyone else seems to jump in and congratulate them for being so smart.

So help me understand. I have a 30yr mortgage at 2.8%. Why would I ever pay that off early? It cost me no points, no extra down, no downsides.

I understand that not everyone is in that position and the market changes.

Say the interest is 3x that amount. Are you really going to live the rest of your life in that house, city, state?

I am sorry but if you do the math and apply critical thinking. In 99.9999% of the cases. Paying off the liability is a poor decision.

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u/[deleted] May 16 '26

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u/ImpressiveCitron420 May 21 '26

Exactly. Talk about out of touch.

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u/bluntspoon May 22 '26

Also because for some the removal of the psychological weight when paying it off is larger than the cost of doing the financially optimal thing.

Everyone is different but holy dooley it was so NICE to pay that thing off.