dont forget folks, the paying off of the loan and leaving $1 on account is fine, except he cant refinance, because the bank wont release his title deeds as they techincally have a mortgage on it, until paid out...
so you cant refinance...unless you have the cash to pay it out...in which case if its fixed, youll likely have a limit of say $20k pa that you can repay on top of your repayments.
