Paying off the mortgage is a great goal to have, especially if you have a 30 year mortgage. On my $116,000 mortgage paying an extra $200 per month put me on track to cutting my mortgage duration in half. Because 30 year mortgages are mostly interest payments for the first …
I recently came across a viral article entitled “This is The Salary You Need To Afford A Home In Each Of The 50 States“ I decided to read it, because I knew it would be misleading, and designed to give an echo chamber to everyone who wants to moan and …
I’ve been making extra payments on my mortgage for the past 4 years and let me tell you, it is tough mental exercise to stay motivated while paying off the house. Paying off your house is typically the most expensive undertaking you will go through and the time line is …
I’m often asked, “What is the best way to pay off your house early”. This is a tricky question because it depends on many factors, such as your current savings rate, the amount of home debt you have, and what your yearly cash flow situation is. In general, the more …