In these economic times, am I smart to pay off my mortgage, if possible? Is there a large tax disadvantage to doing this? We don't owe a lot.
If you don't owe a lot you likely aren't receiving any tax credit for the interest you pay. The advantage to paying it is that you have no debt and are not paying any interest.
On the other hand, if you can safely invest that money you have and earn more than you are paying on your loan, you can make more that way. Consult a financial planner on what risks you are willing to take and what works best in your long term plans.
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If you don't owe a lot you likely aren't receiving any tax credit for the interest you pay. The advantage to paying it is that you have no debt and are not paying any interest. 