Loan

Paying off all your debt always sounds like a good idea, especially in an uncertain economy. In situations when you have accumulated a significant sum of cash, it is understandable that your first thought might be to pay off your mortgage. However, some experts will argue that paying your mortgage early might not be the best idea. Usually, mortgage interest rates are low, and this can be used as a rationale not to rush with paying off your debt. But what about some other aspects of coming out of your mortgage situation? Does it make sense even to consider the option of early repayment? Let us explore the possible downsides of paying your mortgage early.