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<blockquote data-quote="ILL_INI" data-source="post: 1324983" data-attributes="member: 4851"><p>The biggest advantage for not paying it off early is that it frees up cash for other purposes. 3.5% is almost free. I would look to putting your money elsewhere. Are you maximizing your retirement options? Are you contributing to a Roth IRA?</p><p></p><p>Another advantage of paying your loan off later is that you are paying with dollars that are worth less than they are now. Well, that is assuming we don't have deflation. You might also get a deal with the bank on their checking accounts if you have a mortgage with them. Those are the only advantages that come to mind.</p></blockquote><p></p>
[QUOTE="ILL_INI, post: 1324983, member: 4851"] The biggest advantage for not paying it off early is that it frees up cash for other purposes. 3.5% is almost free. I would look to putting your money elsewhere. Are you maximizing your retirement options? Are you contributing to a Roth IRA? Another advantage of paying your loan off later is that you are paying with dollars that are worth less than they are now. Well, that is assuming we don't have deflation. You might also get a deal with the bank on their checking accounts if you have a mortgage with them. Those are the only advantages that come to mind. [/QUOTE]
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