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Paying off a mortgage faster is always a valid strategy.
So for instance if one has a 30 year mortgage but wants to pay it off in 15 or less years, they can pay more on the principal every month to the level required to have the loan fully paid in x number of years.
I'm doing that now, and the advantage for me is if I were to lose my job and needed to suspend making those extra principal payments, I could do so and go back to my regular mortgage payment amount, without incurring any penalty. I like having that flexibility and while my interest rate is higher at a 30 year loan vs a 15 year loan, it gives me the cash flow flexibility I need in case.
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