Paying Off the Mortgage Early is a Mistake I’ll Never Regret

Is paying off the mortgage early a mistake? Or could it be a smart financial decision?

I think most of us would agree that money gives us security. With enough money, you don’t have to fret about the little things, and you can freely make spending decisions

Buying a Home

I thought I knew everything there was to know about finance. After all, I had graduated with a finance degree in college. In reality, I had no idea what I was doing. I took out what seemed to be a huge, but reasonable, mortgage. Trying to be aggressive, I selected a 15-year mortgage in order to lower the interest rate to 3.5%.

Housemates

While the home could accommodate everyone, four grown men under one roof felt slightly crowded at times. However, it was definitely worth it as everyone contributed to the rent and the various monthly bills.

Quick tip

If you’re thinking about taking on a few roommates, especially if they are all men, I’d encourage you to contract a regular cleaning service

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