Hoping people can advise on the following. Have an outstanding mortgage of 275k. 28 years remaining with repayments of around €1150 per month. The house is valued at around 600k. Over the term of the mortgage we'll have paid north of 500k on the mortgage. We're contemplating selling up and using the proceeds to clear the mortgage and buy/build another home with the remaining 300k or so. We're based in a rural area of the midwest and 300k would comfortably see us get a house to our liking in our current area where we live. We're in our early 30s and our thinking is that with no mortgage to pay we could have a good standard of living. Our joint salary is about 90k per year and to be fair we have a decent standard of living at the moment but with no mortgage it would make it a whole lot easier. We'd continue to live in the area which we like so it's not your typical sell up in Dublin, buy a cheaper house in a commuter area situation. Our current home I'm sure will continue to rise with inflation etc but at the same time there's interest to be paid on a mortgage. With no mortgage we'd be in a strong position to save money and perhaps invest these savings further down the line. At the moment it's pretty hard to save anything substantial. Hopefully someone will be able to offer their opinion on our line of thinking.