5 reasons not to pay off your mortgage early

Think you can pay off your mortgage ahead of schedule? Before you take the plunge, consider that the costs may end up outweighing the benefits.

This article originally appeared on grandparents.com. To learn more click here.

Ready to pay off your mortgage now that your kids and grandkids are on their own? Wouldn’t it be great to be rid of that hefty monthly payment—and truly own your home—once and for all? Just thinking about the peace of mind and interest savings can make it tempting to reach into savings or other investment accounts and face one less monthly expense.

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