Pay off mortgage?

Montegut
Thu, 19 Feb 2009 18:11:11 +0000

We paid off our house because there wasn’t much left on the mortgage and cashed out a CD that we would have rolled over at a low rate.

We also thought, if we have to take out a loan to pay for college, wouldn’t it be nice to not have a house note and a college loan note and a car note?

The car will be paid for this year, and hope it lasts through grad school.

No retirement. I’m self employed, and hubby put his retirement in the stock market, so that’s gone.

Would have liked to have put the equivalent of the car note in a retirement account finally, but hate to put money in an unreachable place with college approaching.