Prepaying your mortgage is tempting, after all who doesn’t want to own their home “free and clear”. Moreover, doing so potentially could save you tens of thousands of dollars in interest and years of monthly payments. But paying off your loan is not always the smartest financial decision. Neglecting important areas of your financial life just so you can have a mortgage-burning party can erase the benefits of prepaying your mortgage. Some concepts to consider are; you don’t have adequate emergency savings, you’re not saving enough for retirement, you don’t have disability or life insurance and you’re the main breadwinner, you have high-rate credit card debt. Untapped Riches: Never Pay Off Your Mortgage--and Other Surprising Secrets for Building Wealth

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