Even if you can easily afford your mortgage every month, the idea of living debt free after paying off your home loan early can be pretty tempting. If you do decide to pay off your home loan early, you’ll save money from skipping out on the interest tacked on your mortgage payments. While saving money on interest rates is great, there are many benefits to steadily paying off your mortgage as well. Consider the following before deciding to pay off your home loan early– you just may save more money in the long run.
