| farmdude - 9/17/2014 19:19 Pay it off. Then you own it. Thats always a good thing. Nobody can take that way from you since you now own it.
They sure as hell can take it away from you, if you turn around and mortgage that paid-for ground to buy more and then the world falls apart on you. Lots of homesteaded, paid-for land that got sold out in the Depression in that scenario.
Not saying it's wrong to do- just that a healthy dose of prudence is in order. |
Should I pay off my farm mortgage?
