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Understanding Why You Don't Need To Pay Off Your Mortgage Early.
For those of us who have a mortgage, we know very well how stressful it can sometimes be to make the monthly payment on time. And then for some of us, late payments are inevitable.
In fact, in 2013, from October to December, a whopping 3.85 percent of homeowners were behind on their mortgage payments. And while this percentage may seem a bit high, it's actually quite lower than it was earlier in the year of 2013, when more than five percent of homeowners were failing to make mortgage payments on time.
As odd as it may seem, while some people are failing to make their payments on time, there are those who are on their own endeavors to pay off their mortgages well before their loan term period is up. Take for example Adam Hatter.
Hatter is a contributor to Yahoo Finance and he and his wife paid off their 30-year mortgage in an astonishing five years on an "average" dual income. Hatter stated their reasoning behind doing this was because they felt "the sooner it was paid for, the sooner we would be free from the shackles of debt...the sooner we would have the ability to use our money ... more

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