If you want to use the interest as your tax deduction, since the interest of your mortgage is tax free, then you pay it in 30 years, and use your extra money to do some investments.
If you do not want the bank make too much money from you, and you think the return rate of those extra money will be lower than the mortgage interest rate, than you can pay off your mortgage as soon as you can. Usually, the interest rate in 15 years mortgage is lower than 30 years one.
I chose the second way 5 years ago, since I don't know too much of investment, and like to pay off my house, then I can retire earlier. Now, 10 years later, I can surf the internet much more than right now :)))
My two cents
所有跟帖：
•
觉得应该是尽早负完好。，心里踏实，少负银行利息。
-饿狼陀-
♀
(101 bytes)
()
11/11/2008 postreply
18:23:55
•
我就这么想的
-北京小鸟-
♀
(34 bytes)
()
11/11/2008 postreply
18:25:51
•
Yes, I think in the same way :))
-gzlady-
♀
(0 bytes)
()
11/11/2008 postreply
18:26:45
•
CO：觉得应该是尽早负完好。，心里踏实，少负银行利息。
-wo-8-
♀
(0 bytes)
()
11/11/2008 postreply
23:23:01