If you’re like me, someone has told you that trying to pay off your mortgage is foolish. Actually, many people probably have. Usually, it comes from your completely broke friend or the guy at work who drives a brand new BMW but has debt collectors after him. Yet, 75% of the people on the Forbes 400 list say they abhor debt and advocate paying off your home as quickly as possible. Many other financial gurus, such as Dave Ramsey and David Bach, preach the same. So, here are three big reasons to pay off your mortgage early.