Should You Pay Off Your Mortgage?

This is always a tricky topic, and we’ve even seen a series of articles recently suggesting that one should never pay off their mortgage — that having a large, long mortgage is nearly always the most sound financial decision. That seems a bit of a stretch, but Kristin McFarland of The Smarter Investor asks a more reasonable question: should you pay off your mortgage early? Her blog post hits on 6 key areas you should consider before making this decision — and correctly points out that the “right” answer is different for different people.

 

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