Mortgage prepayment: What to consider

Paying off your mortgage early could save you money on interest paid over the life of the loan. It can also free up money to put toward other goals, like saving for retirement.

Despite these perks, though, prepaying a mortgage isn't right for everyone, and there may be some downsides to this strategy.

Are you thinking of paying off your mortgage early? Check out some pros and cons to consider before you do.

Pros:

You'll pay significantly less interest. You could potentially save thousands of dollars by minimizing the interest you pay during the loan term.

· You'll get rid of monthly mortgage p...