Even better, once you pay off your mortgage, you own your home “free and clear”. So whether you have a 15-year, 20-year, or 30-year loan, you will eventually pay it off and then you would not have any more loan payments at all! Whereas if you are a renter, your rent will never be paid off and you will continue being a renter the rest of your life, http://tinyurl.com/dy2wjx4.
