{"id":941,"date":"2021-08-09T21:10:15","date_gmt":"2021-08-09T21:10:15","guid":{"rendered":"https:\/\/m365contenthub.wpengine.com\/?p=941"},"modified":"2024-08-27T05:33:34","modified_gmt":"2024-08-27T05:33:34","slug":"gain-financial-freedom-with-early-mortgage-payoff","status":"publish","type":"post","link":"https:\/\/cm-edgetun.pages.dev\/en-us\/microsoft-365-life-hacks\/budgeting\/gain-financial-freedom-with-early-mortgage-payoff","title":{"rendered":"How paying off your mortgage early can lead to financial freedom"},"content":{"rendered":"<div class=\"main-content\" data-grid=\"col-8\">\n<p class=\"c-paragraph-3\">According to the most recent statistics, there are more than <a href=\"https:\/\/www.federalreserve.gov\/data\/mortoutstand\/current.htm\" target=\"_blank\" rel=\"nofollow noopener\"><span data-contrast=\"none\">fifteen million outstanding mortgages<\/span><\/a> in the United States. With an <a href=\"https:\/\/www.experian.com\/blogs\/ask-experian\/how-much-americans-owe-on-their-mortgages-in-every-state\/\" target=\"_blank\" rel=\"nofollow noopener\"><span data-contrast=\"none\">average balance<\/span><\/a> of more than $200,000, it\u2019s important for homeowners to consider the impact of their <a href=\"https:\/\/create.microsoft.com\/en-us\/template\/loan-amortization-schedule-51ec1b4d-92a5-4915-8d83-ea5155e0e4d0\" target=\"_blank\" rel=\"noopener\"><span data-contrast=\"none\">mortgage payment<\/span><\/a> on their overall finances. If you\u2019re interested in paying off your mortgage early, it might be easier than you think. <\/p>\n<\/div>\n<div class=\"full-bleed-image\">\n    <picture class=\"c-image\"><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/1600x600_financial-freedom.jpg\" media=\"(min-width:767px) and (max-width:1600px)\"><source srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/788x442_financial-freedom.jpg\" media=\"(min-width:540px) and (max-width:767px)\"><img decoding=\"async\" src=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/1600x600_financial-freedom.jpg\" srcset=\"https:\/\/m365contenthub.wpengine.com\/en-us\/wp-content\/uploads\/1600x600_financial-freedom.jpg\" alt=\"Family at home in sofa with mobile professional mother on Surface Pro, father and son on Surface Go.\n\">\n    <\/picture>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Should you pay off your mortgage early? Review important considerations and steps you can take to gain increased financial freedom and security.<\/p>\n","protected":false},"author":3,"featured_media":1651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[28],"class_list":["post-941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budgeting","tag-budgeting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How paying off your mortgage early can lead to financial freedom - Microsoft 365<\/title>\n<meta name=\"description\" content=\"Should you pay off your mortgage early? 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