This is one of those financial strategy questions. If you own a property clear, you're not paying any interest - which is good. From a finance perspective, you've effectively stuffed a coffee can full of cash and buried it in the back yard. It's not earning you any return. At least with the coffee can if something happens and you NEED the money, you can go dig it up. Not so with equity in a home. Banks are people that lend you an umbrella when it's sunny and want it back when it rains. If you 're in a "wealth building" era of your life, it's best to leverage intelligently and invest the same way. Talk to a financial advisor about developing a strategy that serves your mission. Good Luck!