Tag Archives: Pay off mortgage early to save money

An early mortgage payoff can net substantial interest savings compared to making scheduled payments for 15 or 30 years. Paying off your mortgage might sound like an ambitious plan, especially if you have recently refinanced into a 30-year term. But it’s still smart for homeowners to give some serious thought as to how they’ll pay off their home loan; if not in 2012, then sometime. An early mortgage payoff can net substantial interest savings compared to making scheduled payments for 15 or 30 years. Paying more quickly reduces your housing […]