Should I Pay Off My Mortgage Early?

For most of us, our home is our most valuable asset It is also our most significant liability and the biggest loan we will ever have to repay.  

With so many factors involved, whether or not to pay off your mortgage can be a difficult decision. This post will provide all the details you need to make your decision easier .

Advantages of Paying Off Your Mortgage Early

1. Interest Savings Even in today’s low-interest-rate environment, interest can add thousands of dollars to your loan over the term of your mortgage.

2. Build Equity and Net Worth Faster Equity is the portion of your home that you own outright; it’s the difference between your home’s value and the amount you still owe on your mortgage.

3. Peace of Mind For some people, paying off their mortgage as quickly as possible gives them a sense of security and peace of mind.

4. No Monthly Mortgage Payments Eliminating monthly mortgage payments can free up money in your budget for other expenses or goals.

THAT'S NOT ALL! There are 4 reasons why you should not pay off your mortgage early. SWIPE UP to see why!