Originally Posted by
syscal
Not sure if I'm reading that right (did you agree or disagree?), but I'm not a big proponent of the pay off the mortgage crowd myself. Interest rates are certainly a huge consideration these days, but there are other considerations to be had I think. I would rather leave investments and a large life insurance policy for my kids than a property. Fortunately, and despite many setbacks, we have enough equity that we can downsize when the kids move out and have a minimal mortgage if we wanted. Personally, I'd like to think I can upsize...but sunshine and rainbows don't pay the bills.
That said...if we ran into significant unexpected cash, I'd pay off the house but max out the TFSA's first.