One of the never-ending debates in the finance community is should you or should you not payoff your mortgage?  I've been hearing this debate since on fo my first real estate finance classes in college.  Want to maximize your net worth?  Carrying a 5% or lower fixed rate mortgage for 30 years will almost always win.   Want the peace of mind of a lower monthly expense number and not owning a dollar on your house?  Payoff your mortgage.  …