A mortgage will likely be your biggest, lengthiest investment. And if you’re like many homeowners, you have a 30-year mortgage and seemingly never-ending monthly payments.
Whether it’s three decades or a 20-year or 15-year mortgage, this debt doesn’t go away easily — and it constantly weighs on you when you plot out your financial goals. This has some borrowers dreaming about how to pay off their mortgage early to eliminate that bill. A mortgage payoff is not an insurmountable task. It can be done with proper planning.