So, I’m really getting into the idea of not paying off the mortgage early but still feel like I need clarity on the process or strategy folks are using to do this. Would anyone be willing to share the process they follow? Do you have the entire remaining balance of your mortgage invested before FIRE, or do you just have enough invested to pre-pay a certain number of payments? Also, what types of accounts do you have this money invested in, etc. I assume just a taxable brokerage account unless you happen to already have enough built up in a Roth IRA. I’d just really appreciate some insight on the process you all are using to make this strategy work, as I rearrange this aspect of my FIRE plan.
For what it’s worth, I have $182,000, 2.75%, 28 years of 30 remaining, payment is $1069 including PMI of about $27 that will come off soon.