<prompt> Human: what is the benefit of paying off your mortgage before the term if you have a low interest rate besides being able to claim you dont have a mortgage?specially right now when the rates are near inflation tracking rates, does it ever make sense to pay it off early?also, if you do pay off chunks off the principle by paying extra, does the monthly payment adjust to a lower number automatically? do you still have to payoff the total interest you agreed to pay when you got the loan?  <response>: The feeling of being debt free.. well is priceless. 