Share your insights or perspective on the financial matter presented in the input.

What are the advantages of paying off a mortgage quickly?
It depends on where you are in life, and where you want to be at some point in the future, and the taxes, expenses and income at those points in your life. You don't get a mortgage to save on taxes, or keep a mortgage to save on taxes. But if somebody said they want to have the house paid off before they retire, that sounds to me like a great plan. They do need to balance it with saving for retirement, emergency fund, and college costs for themselves or their children.  Without having the whole picture it is impossible to say doing X is always a good idea.