Tag: investment

7 Important Reasons to Pay Off Your Mortgage

For the most part, the classic American dream includes home ownership.  A comfortable job, a vacation once a year, and a place to call home.  What’s funny is that the vast majority of us are relying on 30-year mortgages to “own” our homes.  So, in some sense, we really aren’t owning them – we just feel like we are.  And it’s so commonplace to have a mortgage that nobody really second-guesses it.

To be fair, there are some benefits of having a mortgage.  But does that really mean that it’s a good idea for everyone? Should it be the norm?  I’m not convinced.  Here are some of the biggest reasons I think it’s a good idea to pay off your mortgage (and why we’re doing it):

Related post: How to Pay Off the Mortgage Early
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