There's definitely psychology involved but it's mostly about the numbers.
I paid off my ~5% mortgage quite a few years ago when I had some spare cash. In retrospect, I would have been better putting it into an index fund, but who knows adjusting for risk?
Today, if I had a 1-2% mortgage, I'd be putting the money in my brokerage money market account. If I were buying today, I'd probably pay cash if I could.
I paid off my ~5% mortgage quite a few years ago when I had some spare cash. In retrospect, I would have been better putting it into an index fund, but who knows adjusting for risk?
Today, if I had a 1-2% mortgage, I'd be putting the money in my brokerage money market account. If I were buying today, I'd probably pay cash if I could.