By John Spoto

For most Americans a home mortgage is their most significant financial liability and paying it off is a high priority. Those fortunate enough to have savings or income beyond what is needed to pay living expenses should consider the financial and psychological benefits of paying the balance down early. The advantages of accelerating the paydown of a mortgage are the potentially substantial savings on interest payments and the reduced stress of carrying debt. The downsides are having less money to deal with financial emergencies and devote to your investment portfolio and perhaps for some taxpayers, the elimination

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