If you own your home, there’s a very good chance that you have a mortgage—close to 80% of all homeowners in the U.S. have a mortgage of some sort. While a mortgage is considered “good debt” in that it’s a relatively low-interest loan that builds wealth and assets, and financial professionals sometimes argue that you should keep your mortgage active as long as possible in order to free up money for investment (and other considerations), the simple fact is if you’re getting close to paying off your mortgage you should prepare to celebrate. Whether it was for five or 30 years, it’s an achievement to clear such a big debt—and own your home outright.In addition to planning a classic mortgage burn
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