Early Mortgage Payoff

What is early mortgage payoff anyway? More specifically, the loan is paid by the original mandate, ie, the payment of the loan, which covered a period of up to 30 years less than 30 years (and maybe 10 years or 25 years). To some extent, but it's early reward of pay, a reasonable period of time, instead of re-financing (in many cases to achieve a better balance of the original mortgage) to no end.
Alternatives to the use of funds
At the heart of the first mortgage payment, and the question is: If you were not using the money to pay the mortgage, how do you plan to use this money? Here are some alternative uses of money.

Do not pay the mortgage (if interest rate is higher than the mortgage debt is a clear economic benefits for the payment of this debt, in the first place)
Create an emergency fund (with the emergency fund gives you a financial cushion if losing your job or a serious and unforeseen expenses, instead of borrowing to pay the expenses, you can use this fund).

With a budget of a regular savings account, but no monthly fee (access to life insurance, car insurance, or annual leave, and thus prevents them from receiving loans and investments)
Promote your 401 (k), as well as between the Irish Republican Army in September, and / or traditional IRA (which is a good idea to allocate funds for retirement, as well as the use of these vehicles, you can win the match, the employer, and reduces the taxable income to avoid taxes on gains from capital gains the value of the investment, and one day is likely to receive)
The investment to achieve the 529 college savings plan (your investment will grow tax-free and not to impose the tax on the withdrawal of debt) . Foundation for Health Savings Account (you will reduce the taxable income, to enjoy tax-free growth, and funds for medical expenses)