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Should You Pay Off Your Mortgage Early?





USAToday advises that in certain scenarios, postponing mortgage payoff may makes more financial sense. Take a look!

From USAToday:

Low mortgage rates over the past few years have fueled a wave of refinancings. Some of us have borrowed against our home's equity or extended the payoff periods to lower our payments. And many of us have taken on more mortgage debt as home prices have soared.
If debt makes you anxious, you may be wondering: Should I try to pay off my mortgage — or not? Well, it depends — on your financial circumstances, your time to retirement and your emotions.

"For far-sighted people who have self-control (to save elsewhere), it probably makes sense not to repay their mortgage," says Anthony Webb, an economist at the Retirement Research Center.

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