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Repaying your home loan early can come with financial perks — here’s what you must know. Krakenimages.com / Shutterstock.com
Editor’s Note: This story originally appeared on Point2. A standard mortgage typically takes between 15 and 30 years to pay off, which can seem like a lifetime. Over the years, you’ll not only pay not only the principal for your home but also interest, which often adds up to many thousands of dollars. With that in mind, perhaps you’ve asked yourself, “How can I pay off my mortgage early?