Saturday School: The Benefits of Paying Off Your Mortgage

Pay down 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.

How to find cheaper car insurance in minutes

Getting a better deal on car insurance doesn't have to be hard. You can have The Zebra, an insurance comparison site compare quotes in just a few minutes and find you the best rates. Consumers save an average of $368 per year, according to the site, so if you're ready to secure your new rate, get started now.

Read Next
26 Work-From-Home Jobs That Pay $100,000
26 Work-From-Home Jobs That Pay $100,000

These lucrative gigs let you work in your slippers.

7 Kitchen Gadgets That Make Healthy Cooking a Breeze
7 Kitchen Gadgets That Make Healthy Cooking a Breeze

These small appliances and cooking aids make healthy eating easy — and they’re all available on Amazon.

This Pastime Can Keep Your Brain Sharp as You Age
This Pastime Can Keep Your Brain Sharp as You Age

It’s never too late to benefit from taking up this type of activity.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Comments

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.

Trending Stories