No, that would be illegal

I’ll probably maintain. I’ve shaved a decade off the loan paying extra and decreased interest by over 30k already.

Guess people forget with a mortgage paid off I would have $1500 /mo immediately going into savings again and whatever interest I was paying would be null.

Do you mean playing the stock market or investing in stocks in a different way?

But the extra principal does decrease the interest, even though there’s not a ton of interest remaining?

Good point. I'm a single father so just one income. I want to have no debt asap so if I did lose my job I wouldnt be scurrying to get income.

Once the mortgage is paid off the only expenses would be the normal life expenses (water, food, electricity, etc).

Thanks. Just making sure I wasnt missing something obvious. I just have a big desire to pay the mortgage off ASAP even though the interest isnt that great anymore.

Depends on if that debt was higher interest than what savings was pulling... Which answers my original OP question - I just didnt know if there was anything crafty these days to give me an even better position that I was missing.

I think its important to have some liquidity laying around don't get me wrong - but I think for someone with stable income, good credit, ability to borrow from family in a sticky situation, and liquid assets that could be sold, etc, emergency money isn't that important.

I guess I'd have to see examples of "emergencies". I have insurance for my home and everything in it, same for vehicles, same for health. With an 820 credit score, what can you not get with 0% financing in an "emergency"? I don't condone financing things but in an emergency I don't see a reason not to.

I'm 44 yrs old, biggest emergency I've had was a $8k air conditioner / furnace and I didnt even use cash because its at 0% interest.

True. And I think the 10k is a good rule of thumb.

I guess I shouldnt say I dont need it, theres always a chance. If I need a couple grand I can reach out to the folks or something.

*this would be an extreme emergency btw