Should you pay off your mortgage early? Even with today’s low interest rates, the total amount of interest you may pay over the life of your mortgage can seem like a staggering amount. It's one of the reasons many people set a goal to pay down their mortgages early. But pre-paying a mortgage may not be for everyone. Here are some reasons to consider it:
But for some people, paying your mortgage off early can hurt you more than help you. Here are reasons to forego pre-paying your mortgage:
Do you have a question regarding a mortgage program?