And if you think of it this way… if you have any high interest debt (credit cards, etc.) you are paying on average more than double or even triple in interest as you would pay for a mortgage payment. If you own a home and have equity into it, you can borrow against it and eliminate all high interest debt and save yourself literally hundreds of dollars a month in finance charges you would normally just be ‘pissing away’ paying it gradually over time. You pay more in interest each month by making a minimum payment than you actually pay on the principal. Why just get by in life when you can get ahead?