I understand if you have a house payment interest rate that is rather high, but if you have a house loan with an interest rate of under 3%, does it make a whole lot of sense to pay it off early? I refinanced for 2.75, and plan on holding that loan for as long as I can. If you do not plan on financing ANYTHING else in the future, then go ahead and pay it off, but if you plan on financing relatively large purchases in the future (where the interest rate will be significantly larger), it makes better sense to use that money to either buy without financing, or to lower the amount to be financed.