What does Suze Orman say about paying off your mortgage early?
A practical way to think about payoff timing and financial security.
What does Suze Orman say about paying off your mortgage early? This question often comes up when homeowners try to balance long-term savings goals with the appeal of being debt-free sooner.
Answer
Suze Orman’s guidance on early mortgage payoff balances math with financial security. She often recommends prioritizing high interest debt and retirement savings first, then targeting the mortgage once you are on track for retirement and have a solid emergency fund. Orman emphasizes the psychological benefit and cash flow freedom that come from eliminating a major fixed expense before retirement. She suggests aiming to retire without a mortgage if possible, so more of your income can cover living and healthcare costs. Using a mortgage calculator, you can explore how extra payments now might align with your retirement timeline and goals.
Run a few scenarios on our home loan payment tools to see how extra payments can change your timeline.
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