Need to reset your money? Learn how to do some spring cleaning with your finances to start building momentum with your biggest goals! For some reason, I like to use April is a sort of reminder to review our financial progress. Maybe because of the deadline for taxes. Or maybe it’s because it’s financial literacy […]
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Want to be completely debt free, including your house? Find out the key changes one couple made to pay off their mortgage in less than 5 years!
Pay Your Mortgage Off Faster
What would you do if you owed your home free and clear like Andy does now?
With no mortgage payment what options would open up?
There’s a good chance you’d love to get rid of your mortgage, but the idea of getting rid of such a huge amount makes it seem impossible.
Forget paying it off in 5 years, you may struggle to even see a way to reduce it in half.
Right now median purchase price of a home here in the United States is $235,000, with 10% down. Now if you live in D.C. you’re looking at $400,000 with my buddies in Cali close behind at around $350,000.
Not cheap. Probably the biggest purchase you’ll make.
Which is why I asked my buddy and Marriage, Kids, and Money creator, Andy Hill, to come on. He’s an awesome guy, really excited to get couples closer to their debt free goals.
We both know that not everyone can replicate what Andy and his wife Nicole did – we all have different circumstances – but there’s a lot to their process that could make all the difference with you and your home.
In this episode, we discuss:
- why they were adamant about knocking out their mortgage in 5 years
- steps that made the difference with paying off their mortgage
- tools to help you be debt free faster
Hope you enjoy!
Speaking of Andy, we’ve teamed up with friends on a free Facebook community called Thriving Families.
It’s a fun group where we share our wins and ideas with each other on how to thrive as a family. Come join us!
Resources to Dump Your Mortgage Faster
If you’re looking to dig in deeper for ways to pay your mortgage off faster, here are some resources to check out:
- Mortgage Payoff Calculator
- Paying Your Mortgage Off Early
- Paying Off The Mortgage Wasn’t Our First Priority (but we did it anyway)
- 5 Reasons to Choose a 15-Year Mortgage
And if you two are looking for more ideas on how to find, save, and make extra cash to pay down or debt, please sign up for my free 5 Days to $5K course.
It’s a week-long special email series that will help you get some extra money in.
Thank You to Our Partners
Support for this podcast comes from partners like Personal Capital. Easy to set up & easy to use. You can have all your investments, income, and expenses all pulled into one place.
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Did I mention it’s free? Why don’t you give Personal Capital a try today?