I have never seen a rich man say he got rich by paying someone interest on money. Your 31. So double up on some payments and you can have that loan knocked out in under 10 years or so. Then take the money you had been paying in payments and save/invest it. By the time your ready to retire you will be setup fairly well.
There are other things to keep in mind on owning your home. If you have a loan you can lose your home. You never know for 100% what will happen. If you suddenly are unable to work having your home paid for means you can ride it out for a longer period.
We paid off our first home in under 10 years. The farm in 12 years. It made things tight at time but later on we where able to ride out the rough times while others went broke.
So I would keep a good emergency fund and then pay off the house ASAP, regardless of the interest rate.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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