As I was responding to a reader question on a previous blog post, I realized that the response would probably be beneficial to highlight for all of us, not just to bury it in a comment on an older post.
I’ll catch you up on the dialogue.
A reader was asking about my thoughts on having a mortgage. She lived very frugally and sacrificed in order to pay off her mortgage early. Now she said that she’s in a position to give. She admits to not giving during the time she was trying to pay off the house.
I responded by saying:
Having a mortgage is better than having many other kinds of debt, but having a mortgage is not better than having a paid off home.
We decided to pay off our mortgage as quickly as possible, but we were also committed to giving throughout that process. Personally, I’d suggest that a person prayerfully consider doing both (giving and making extra payments) instead of only choosing one or the other.