Title: Why Pay off Loans Early? Savings and Peace of Mind
Headings: 
Why Pay Off Loans Early?
Benefits of Reducing Debt
Save Money
Improve Financial Strength
Peace of Mind
When to Not Pay Early
How to Do It
Article Sources

Content: Interest charges don’t buy you anything except time. Rather than needing the full amount to buy a home or a car right now, you can spread out the payments over several years. Your house doesn’t get any bigger when you pay interest on a mortgage, and you don’t get your interest back when you sell. So, it's best to not pay for any more time than you need. Some loans drag on for 30 years or more, and interest costs add up over time. Other loans might have shorter terms, but high-interest rates make them expensive. With high-cost debt, such as credit card debt, it’s almost a no-brainer to repay as quickly as possible: Paying only the minimum is a bad idea. Over your lifetime, you'll keep more of what you earn if you pay off loans quickly. Improve Financial Strength
Once you pay down debt, you’re in a stronger financial position.