Hi - You don't say how old you are or when you plan to retire so here are a few questions to ask yourself: 1) Is this my retirement home? The home may be suitable now, but how about for the long term? 2) is the mortgage affordable now? Will it be affordable based on my expected sources of retirement income? 3) What does my cash flow (income and expenses) look like in retirement? 4) If I were to pay it off before I retire, how will I do that - extra principal payments, lump sum, other? In my experience, the best and simplest action someone can take to pay their mortgage off early is to use a bi-weekly payment plan - that means you are making half of your payment every two weeks instead of one payment per month. The end result with a bi-weekly payment is that you make 13 payments every year instead of only 12 (paying by the month). This will usually knock 9 to 10 years off your 30 year payment schedule (pay a 30 year mortgage off in 20-21 years instead of 30) and save a boatload of interest. There are several websites with mortgage calculators you can visit it get a good idea of the possibilities. A good one is right here on MoneyTips
. Good luck!