GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Image of Rachel Cruze smiling confidently

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you could read more about oureditorial guidelinesand our products and servicesreview methodology.

Rachel Cruze is one of the few famous financial experts who doesnt agree with this thinking.

facebook sharing button

And actually, her father, fellow financial expert Dave Ramsey, doesnt either.

They both passionately argue the importance of paying off your mortgage ASAP.

Why does Cruze, in particular, believe you should pay off your house early?

twitter sharing button

But theres a flaw in it that Cruze sums up perfectly in her reply.

The answer is usually no.

It doesnt feel good to carry it around or to be held responsible for it.

linkedin sharing button

We may fantasize about the day weve paid off our mortgage.

How liberating will it be to finally not have to pay for shelter?

To just have it all taken care of and behind you?

email sharing button

It would be a real kind of freedom.

There is something about peace of mind, Cruze said.

When you dont owe anyone anything.

More From GOBankingRates

Share This Article:

The Latest inInvesting