Why pay off your home early?
Holly Johnson and her husband paid off about $100,000 in mortgage debt in less than two years, on a mortgage balance with a 3.75% annual percentage rate. They had spent the previous five years paying off car and student loans and focusing on saving. There are plenty of arguments against paying off your mortgage early, but they chose to do it for lifestyle reasons, not financial ones. Read more personal finance coverage.
Holly Johnson and her husband paid off about $100,000 in mortgage debt in less than two years, on a mortgage balance with a 3.75% annual percentage rate. They had spent the previous five years paying off car and student loans and focusing on saving. There are plenty of arguments against paying off your mortgage early, but they chose to do it for lifestyle reasons, not financial ones. Read more personal finance coverage.
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