IS THIS YOU?
Most Americans choose the standard 15 or 30 year mortgage to pay off their homes because it's the way things have always been done. The problem is, it takes the next 15-30 years to actually pay them off.
In fact, “mortgage” literally translates to "death pledge." It's a payment method built to keep you paying off the principle in small amounts as the interest accumulates for as long as possible.
BUT THERE'S ANOTHER WAY TO PAY OFF YOUR HOME. IT'S CALLED A HOME EQUITY LINE OF CREDIT (HELOC).