GILBERT, Ariz. -- Jeff Sutherlin and his family are finally settling in to their new Gilbert home.
"We were looking for a house for almost a whole year," said Sutherlin.
And although he's proud of his home, Sutherlin's goal is to pay it off as soon as he can.
“I believe in the bible, I think it's the infallible word of God and in the bible it says that the borrower is the slave to the lender so I always try and pay off all my debts," explained Sutherlin.
But is it possible to eventually be mortgage free.
"I think it all depends on every family individual goals and their budget," said Diane Gerdes.
Gerdes has nearly 20 years of experience in mortgages. She says the decision of paying off your home really depends on individual circumstances and knowing some pros and cons.
Here are some reasons she says you may not want to pay off your home.
"If you know you're not going to be staying in the home, it would not make sense to pay off the home. To pay it off early, you may actually may be depleting yourself for any emergencies that may come up," Gerdes advised.
Yes, paying off your home may mean cutting down on your savings, and that's not good.
Another big reason people may not want to pay off their home is you won't get the tax breaks.
On the other hand, paying off your home does have huge benefits.
For example, once you have no more mortgage payments you can use the extra cash flow to bulk up your savings accounts.
Another reason to pay off your mortgage is so you don't have to worry about it when you're not working.
"People who have their eye on retirement, may want to think about paying their home off early," said Gerdes.
No doubt living and being debt free is possible, but it just boils down to the right decisions and being disciplined.
For Jeff, he's doing all he can to pay off his home as soon as he can.
“Oh I will feel so good because then I can go into my retirement knowing I have a great asset and it's paid for."