How to Pay off your House ASAP (It's so simple)

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Should you prepay your mortgage?

Should You Pay Off Your Mortgage Early?

Pay a little more each month. You can get all the benefits of an early payoff without the extra costs of a refinance by paying more each month. Divide your monthly principal and interest by 12 and add that amount to your monthly payment for a year.
In other words, you wouldn’t want to pay down a mortgage at 4% APR when you can earn a greater return by investing in stocks and bonds through a brokerage account or bumping up your retirement contributions. Add in the home mortgage interest deduction you can take on your federal taxes and, they say, you would be silly to prepay your mortgage and miss out on those perks.
When it comes to people who see the mortgage prepayment issue in black and white, the question is just about math. After all, why would you prepay a loan at 3% or 4% and lose out on part of a valuable tax deduction when you could invest that money instead and earn considerably more.

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