If you’re like a lot of homeowners, your house payment takes up more real estate than any other item in your budget.
But have you ever stopped to imagine all the things your budget could do if you didn’t have a mortgage? You might dream of an extended stay at the beach: wearing your favorite wide-brimmed hat, enjoying your favorite novel, and soaking in an amazing view of the ocean. Total relaxation!
As amazing as that sounds, there’s way more to paying off your mortgage than a perfect beach vacation. Here are some other perks of getting rid of your house payment early: