Many Americans find themselves at a similar crossroads later in life—they're a few years away from retirement … but they're also a few years (or more) away from fully paying off their mortgage. You ...

Nearly 40% of all homeowners in the U.S. are mortgage-free, according to the U.S. Census Bureau American Community Survey — the highest level in 13 years. Paying off your mortgage early can feel like ...

Can you pay off your mortgage early? The short answer is yes — you can pay off your mortgage early. This is referred to as prepaying a mortgage. Most mortgages don’t come with a prepayment penalty, so ...

One of the biggest questions anyone with a mortgage can and will ask themselves at some point is whether they should pay it off early. This might involve making larger payments to pay the balance ...

If you own a home, you’re probably used to watching a big chunk of your paycheck disappear every month due to mortgage payments. But what if adding just a little more could save you tens of thousands ...

Prepayment strategies don’t all look alike. Find out how lump-sump payments, micro payments or a HELOC could be used to speed up your mortgage payoff date. If you’re a homeowner, you’ve probably ...

Think paying off your mortgage early is always smart? Financial advisors warn it could cost you more in the long run.

Paying off our mortgage early wasn't as financially freeing as I'd hoped. Our financial advisor recommended we keep our mortgage and invest our money instead. Having no mortgage has advantages, but I ...

With the recent housing crisis and record-level foreclosures still fresh on our minds, you may be tempted to pay off your mortgage early. Mike Blehar, managing director and principal at Fort Pitt ...

Grace Dunklee Cohen wasn't going to take any chances with the last payment on her home in Henniker, N.H. in 2003. She very carefully wrote the check and put “final payment” on it. Then she went to the ...