He could be right. If your mortgage rate is lower than inflation. In effect you're using someone else's money and paying them back no interest when taking inflation into consideration.
For others, the amount of the interest you pay over the years can easily be several times what the principle was when you got the loan. Pay down the principle, and the interest amount quickly goes down to a manageable level. The key to this is not having high credit card fees, and buying within your means so you have money to pay down mortgage principle. Too many people are stuck paying off credit cards with high interest, resulting in no free cash to pay off mortgages. Lots of people. If you have low interest on your mortgage, then don't pay it off while you concentrate on paying off the credit cards and other high interest loans first.
THANKS!!!
Exactly what we are doing. We want the only debt left to be the mortgage.