Should You Pay Off Your Mortgage?

Owning your home is an American dream. Most people find that they are drawn to the idea of owning their home "free and clear". There is certainly a psychological reward associated with paying off your mortgage. However, is it the right financial decision? Frugal has a nice brief analysis of the issue on the 1stmillionat33 Website, noting:

What one should do is carefully look at the entire picture of one’s net worth and portfolio composition

Before you decide what is right for you, take an objective look at all the options. Then do what's best.