Why You Should Pay Off Your Mortgage and Lose the Tax Write Off

After 20 years of paying this, when you will be 70 on a $200,000 mortgage, you will still owe $100,000 on it. The bank thinks that there's a good possibility in seven or eight years you will sell this condo or your home if you have it. And they want the majority of their interest upfront while you still own it so that if you do decide to sell it, they actually made more money on you interest wise because your principal will still be high.