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

Paying off your mortgage is a huge financial milestone that many people dream of achieving. But once that day finally arrives, you may find yourself wondering, “Now what?” Let’s look at how your ...

At some point, many families reach a quiet but powerful milestone. The bills are paid. The emergency fund exists. There’s a ...

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 ...

After years of a strong labor market and steady wage growth, economic uncertainty is creeping in. Layoffs are sweeping through diverse sectors–ranging from tech to the federal workforce–leaving many ...

At first glance, paying off your mortgage before retirement seems like a no-brainer – after all, who wouldn’t want to enter retirement with no monthly housing payment? Yet ask three CPAs or ...

When it comes to home ownership, the American dream used to be quite simple: Buy a house with a 30-year mortgage, make your payments, and someday down the road, you'll own your home free and clear.

I distinctly remember where I was when I paid off my house — sitting in a Costco parking lot. I hung up that call with a feeling of elation. With the extra money we'd pocket each month, my husband and ...

Homeowner reviewing her mortgage statements while deciding if she can sell her home. Selling a house with an unpaid mortgage might seem like a daunting and confusing financial challenge. In reality, ...

Paying off your mortgage ahead of schedule can eliminate a significant financial burden from your life. Although it can be a challenge, getting rid of your home loan is a good way to get ahead ...

Some homeowners use a home equity line of credit (HELOC) to pay off their mortgage in hopes of lowering their interest rate or monthly payments. It’s a strategy that can work, but it’s not without ...