paying off a mortgageI've paid off the bulk of my mortgage and was wondering if there were any advantages/disadvantages to having a mortgage open when I purchase my next home? Wasn't sure if it was best to completely pay off the remaining balance, or pay almost all of it now and leave some amount unpaid. Also, are there any tax advantages to having the mortgage remain open for a few more months? I'm likely going to be selling my home in Feb-Mar of next year and purchasing a new home at some point before that. Thank you.October 28 2013 - US0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.