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Pros and Cons of Paying Off Your Mortgage Early

Prairie Eco-Thrifter

Find Peace of Mind Peace of mind is another strong motivator towards getting the mortgage paid off. The interest on your mortgage is tax deductible if you rent your property, giving you an extra return on investment. In uncertain economic times, there is a lot of stress around having a mortgage. Will interest rates go up again?

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Our 2017 Debt Freedom Plan Update

Family Balance Sheet

At the time we were renting an office space in a strip mall, but when we discovered a foreclosure in our town that seemed like a great idea on paper, we jumped at the chance. Over the years, we took advantage of low interest rates and refinanced and transferred the loan several times. At the time, we thought this 1800 sq.

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