Paying off your mortgage early can save significant interest, provide financial freedom, and offer peace of mind. Strategies include making biweekly payments, rounding up payments, making lump-sum payments, refinancing to a shorter term, and redirecting savings. However, consider potential prepayment penalties, opportunity costs, the need for emergency savings, prioritizing high-interest debt, and tax implications. Alternatives include investing in real estate or other investments. The decision should align with your financial goals and situation.
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