igorstevanovic / Shutterstock.com
Most people need a home loan to get the dwelling of their dreams. It is the one form of debt that financial experts typically do not frown upon.
However, there are times when it makes sense to pay off your home loan early.
Reducing the time it takes to retire your mortgage may be to your advantage if you want to free up monthly income for other purposes. What follows are seven examples of when it pays to pay off a mortgage ahead of schedule.