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The Downside Of Paying Off Your Mortgage Fast
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[QUOTE="Yusra3, post: 283042, member: 31907"] If you're focused on paying off your mortgage as quickly as possible, you may have to sacrifice other financial goals in the meantime. For example, you may need to put off saving for retirement or taking a vacation. In addition, you may have to forego other major purchases in order to free up more money to put towards your mortgage. [B]You May Need To Take On A Second Job[/B] In order to pay off your mortgage fast, you may need to take on a second job or work overtime hours. This can be a difficult sacrifice, especially if it means spending less time with family and friends. However, the extra income can make a big difference in how quickly you're able to pay off your mortgage. [B]You May Have To Make Lifestyle Changes[/B] Paying off your mortgage quickly may require making some lifestyle changes, such as eating out less often or cutting back on entertainment expenses. If you're used to a certain lifestyle, making these changes can be difficult. However, they can help you reach your goal of becoming debt-free sooner. [/QUOTE]
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The Downside Of Paying Off Your Mortgage Fast
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