Updated about 11 hours ago on . Most recent reply
Should you pay off your mortgage fast like Dave Ramsey says?
Should you pay off your mortgage fast like Dave Ramsey says?
When Dave talks, people listen. He’s like that uncle at Thanksgiving who bangs the table and swears one simple rule will change your whole life. And honestly, for families buried in credit card debt, his advice is gold.
But let’s fast forward. Back when rates were around 2.5%, I told my buddy, “Why would you pay that off? That’s the cheapest money you’ll ever borrow.” Paying it off early was like selling a Ferrari because you didn’t want to buy gas.
Now in 2025, rates are closer to 6.5%. That mortgage doesn’t feel like cheap gas anymore. It feels like premium fuel that makes you cringe every time you fill up.
Here’s the deal. If debt keeps you up at night, pay it down and enjoy the peace of mind. If you’re an investor who can beat 6.5% in the market, you might want to put your money to work instead. Some folks even split the difference with extra mortgage payments to keep Dave happy and rentals for growth.
So what about you? Would you pay it off or invest the difference?
- Jorge Vazquez
