The Pros & Cons of Paying Off Your Mortgage Early

The Pros & Cons of Paying Off Your Mortgage Early

Homeowners can save thousands of dollars in interest on their mortgages by making at least one extra payment toward the principal annually, but only about a quarter of borrowers do that, according to

Paying Off Your Mortgage Early Can Save You Thousands. But Not Everyone Should Do It

Extra mortgage payments can save homeowners thousands in interest. But if you have a rock-bottom rate or higher-interest debt, the math may not work in your favor.