Some people very much like to be debt free and there is much to be said for that. However, you have a loan at a very low interest rate and also an emergency fund. As you get old it will be nice to have a paid off house however, you will also need savings - unless you want to spend your house. You might want to consider a IRA account, at your age it can grow to a considerable amount when you retire. Your bank or they can suggest someone who can advise you on how to invest. Note: you are looking for an investment that grows faster than the 3.25% your mortage is taking from you. You can"t go wrong paying off debt but IMO it is also important to start saving.
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Today's Featured Article - Show Coverage: Argyle and Mt. Pleasant Labor Day Weekend Shows - by Cindy Ladage. The last fling before summer fades into fall and we get busy in the fields are the annual Labor Day tractor shows. Beginning on September 5th and running through the 7th, the Argyle Antique Gas and Engine Show is held at the Argyle State Park. Located in West Central Illinois, the pine forest was the setting for the opening of the 22nd show. This year we decided to try to sell a few tractor parts, literature and wrenches to offset my husband's buying sprees. Saturday
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