If you've been thinking about paying off your mortgage early

[Jorge Vazquez]

If you've been thinking about paying off your mortgage early, it's important to take a closer look at your options and consider your individual circumstances. While making early payments can definitely save you a lot of money on mortgage interest, there are a few things you should keep in mind. For example, should you be putting a portion of your current income towards early payments, or would it be better to direct a lump sum from your nest egg or inheritance toward paying off the mortgage? You'll also want to make sure you'll still have enough money on hand to handle any unexpected financial setbacks that might come up. At the end of the day, the answers to these questions will depend on your unique situation and priorities.