why should you pay off your mortgage early

If you’re considering paying off your mortgage early, you have some issues to consider.

The Pros

Paying off your mortgage early, while it frees up money for other uses, only works if you have other sources of funds. While you may well lose the mortgage interest tax deduction, the savings you realize on servicing the debt can be substantial indeed.

Cutting out the interest payment on your mortgage note can be a little like earning risk-free returns equal to the mortgage interest rate payments you’re laying out now.

The Cons

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.