A mortgage is usually the largest debt a household carries, so extra payments and refinancing deserve a careful look. This category is small for now, with one guide on whether paying extra toward your mortgage makes sense. It uses illustrative numbers, and loan terms, penalties and tax treatment vary, so check your own documents.
Where to start
- Should you pay extra on your mortgage? Weighs the interest saved against other uses of the money, such as savings or other debt.
If you also carry card or student debt, the debt payoff guides help compare priorities.