Easy Ways to Pay Off Your Mortgage Early
Examines whether making extra mortgage payments beats investing the surplus — with an honest look at the guaranteed return on prepayment, opportunity cost, and the psychological value of being debt-free.
What you'll learn
- Extra payments earn a guaranteed after-tax return equal to your mortgage rate
- The opportunity cost math: when investing beats prepaying (expected return > after-tax mortgage rate)
- How $200/month extra on a $400,000, 7%, 30-year loan saves ~$75,000 and cuts ~5 years
- Why prepaying is especially powerful in the first 5–10 years of a mortgage