It may be tempting to pay off your mortgage early and live your life debt free. By saying goodbye to your mortgage payments, you are saving the additional interest expense that would have been added to your payments. This money can not be taken likely, as it can be a significant amount. However, it isn’t always a great idea. For example, having no more available money in your account is a strong point to consider. Having no money or almost no money left means that you will not have the opportunity to invest. To decide, check what is your interest rate after taxes. Many times you will find that expected investment returns will be higher than that.