Paying off a mortgage ahead of schedule can be an appealing financial goal. It may reduce the total cost of borrowing, free up monthly cash flow sooner, and provide the reassurance of owning a home outright. For many homeowners, early repayment is not only about saving money: it is also about gaining flexibility, security, and peace of mind.Whether it is the right move depends on the terms of the loan, the interest rate, the costs of prepayment, and the household’s wider financial priorities. In [...]
