 cuts into what you can set aside for savings. So if you're going to focus on paying off your loan early, it's certainly a good idea to make sure you have an adequate emergency fund first, because those three to six months of expenses, not very liquid, which is my next point. Paying off your mortgage earlier, paying cash for your house reduces your liquidity. You can't sell off your master bathroom for money. Yeah, you can try to go get a HELOC, but a lot of times when you need to take money from your home or refinance, it's because you've hit tough times, either economically or in your own personal situation.