The issue is that the mortgage is a debt that needs to be paid. Think of it this way; if you live in your home for the rest of your life, you need to keep paying your mortgage.

That's why I keep it in there.

Where as home equity can become "paper gains" a mortgage is very real.

It's true that paying it down involves trading cash (the most liquid asset) for a smaller mortgage. That's why I am happy paying it down as slow as possible and diverting all of my surplus to cash and investments.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store