5 Reasons Why You Shouldn't Payoff Your Mortgage Early

 

If you’re like most people, paying off your mortgage and entering retirement debt-free sounds pretty appealing. It’s a significant accomplishment and means the end of a major monthly expense. However, for some homeowners, their financial situation and goals might call for keeping a mortgage while attending to other priorities.

 

Let’s look at the reasons why you might—or might not—decide to pay off a mortgage before you retire.