You have taken on 30 years worth of massive payments, in an economy that makes no promises about long-term job stability. In this article, we look at the benefits of paying off your mortgage as soon as you can and give you pointers on how to do it.ow to Pay Off a Mortgage. Once you have a mortgage, the key to paying it off is simple: send money. Some mortgage plans offer a bimonthly payment schedule, which results in one extra payment per year.