7 Pros and 8 Cons of Early Mortgage Payoff

Generally, repaying debt is good because you can avoid interest costs and stop making monthly payments.

But what about your mortgage? A home loan is far different from a credit card or even a personal loan. As a result, early mortgage payoff may not be the best choice in every situation.

To decide whether you should aim to make extra payments to your mortgage lender, consider these pros and cons of early payoff.

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