Goal is to pay house off in 5 years. Desperately want to be debt free.
Discussion
And the remortgage your house to buy Bitcoin?
I'm unsure on this issue, especially if one has a mortage with a reasonably low fixed intrest.
Upsides in paying off early:
- Freedom - problems in banking industry cannot effect you. There is a clause in the mortage that bank can denounce the contract in a liquity crisis and demand full payment almost immidiately.
- In a possible personal financial troubles, the less loan you have, the easier it is to make moves.
Upsides in keeping high loan value.
- Inflation inevitably eats the real world value of your loan, so it gets easier to pay off over time.
-In the short run you will have more money to use or stack sats with.
Keep in mind if you pay off your house you still have to pay taxes, insurance, maintenance, you won't be without payment
If you pay off your mortgage you are typically left with a 3rd of the payment if you continue to use escrow for taxes and insurance.
The money to pay off your house can be used to make a way better return than reducing your house expense by 2/3rd.
Also as others have said inflation will eat the cost of your debt. In a high inflation environment a 3% 30 year fixed loan is an asset