The best replacement for paying off mortgage is investing.

The best alternatives to paying off mortgage are rated as following:
★★★★★  investing
★★★  saving
★  saving for retirement
★  tax deduction
★  investing money
★  invest
★  retirement savings
  saving money
  saving for college
  not paying off mortgage
  investing for retirement

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Google Trends

Scale is based on the average worldwide traffic of paying off mortgage in all years. Click on graph for more.
paying off mortgage
investing
saving