Saturday School: The Benefits of Paying Off Your Mortgage

There are both pros and cons to paying down your mortgage. Watch this video to learn some of the benefits of owning your house free and clear.

Saturday School: The Benefits of Paying Off Your Mortgage Photo by Constantin Stanciu / Shutterstock.com

Should you pay off your mortgage or not? The debate has raged for years, with some believing the move to be shrewd, and others viewing it as financially foolish.

Recent changes to the tax code might have swung the argument in favor of paying down your home loan. But even prior to that tax reform effort, many experts argued for getting rid of mortgage debt as quickly as possible.

Watch this video from Best CreditRepairCompanys to hear some financial experts explain why paying down the mortgage can be a smart move.

For more tips, check out “7 Painless Ways to Pay Off Your Mortgage Years Earlier.”

Have you paid down a mortgage? Tell us about your experience in comments below or on Facebook.

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