Having owned 8 homes and never paid any of them off.... take this with a grain of salt, but there is a lot to be said for owning your own residence. True the mortgage interest rate is low, and you get a tax deduction on the mortgage interest, but knowing that your house is yours and not owned by the bank is a type of security that is hard to measure in dollars.
I currently have 2 homes with mortgages, one I rent out, 1 we live in. I have no plans to pay them off ever. I will sell them first or continue to rent them both out if possible. Mostly because in the future I plan on living on a sailboat, that will be bought with cash. If I did live in a house, I would want to pay it off and be free from the bank.
Will be interested in what others have to say about this.
Bob