Discover the benefits and drawbacks of using your 401(k) to pay off your mortgage, including tax implications, retirement savings impact, and interest savings.

Owning a home is a monumental goal, but it also means you're saddled with a monthly payment for the duration of your home loan. Tack on the loan interest payments—with rates still hovering just under ...

I owe about $80,000 on my mortgage and will be retiring within a year but I want to be free of the mortgage payments. Should I use my Roth IRA or IRA to pay off the mortgage? Should I pay off the ...

Homeowners are often advised to pay off their mortgages ahead of retirement. While doing so eliminates debt, it could also result in limited liquidity. Consider your mortgage rate and tax situation ...

Owning a home comes with the significant responsibility of a monthly mortgage payment, including interest rates that can substantially increase the total cost. While paying off a mortgage early can ...

Every homeowner wants to pay off their mortgage, but some people want to pay it off ahead of schedule. Doing so frees you from one of the biggest financial obligations people will ever face, but there ...

This Redditor is in a difficult position trying to decide whether to pay off a loan or make a significant market investment. The good news is that both paths forward have some significant advantages, ...

Paying off your mortgage is a great achievement, and it also frees you from the largest monthly expenses you will ever have to face. One couple in their 50s has an opportunity to make additional ...

Reduced liquidity for emergencies: Making multiple or higher mortgage payments each month reduces your available cash. If there’s an emergency and you’ve used excess cash to pay off your home, you ...

Ali Hussain has a background that consists of a career in finance with large financial institutions and in journalism covering business. mixetto / Getty Images You might prefer to pay off your ...

For many homeowners, the idea of living debt-free is irresistible. Imagine wiping out your largest monthly bill and freeing up thousands of dollars in cash flow. That’s the choice facing one couple.