Especially in uncertain times like these, the dream of owning one's home free and clear is an enticing one.<br />On the other hand, isn't saving for retirement, or college funds more important?<br />According to Business Insider, if you have the opportunity to pay off your mortgage early, the deciding factor comes down to just one thing: interest rates.<br />If the rate on your mortgage is higher than the rate you'd earn by investing cash in the stock market, pay down the debt first.<br />But before you do that, run the numbers to see if refinancing your mortgage would make sense.<br />If so, you can apply the freed-up cash towards your high-interest debt. Once that's cleared up, pay off the mortgage!
