We are about to finish paying off our credit card debt and can't wait to get stuck into paying off the mortgage for good! My goal is have it paid off by end 2019. Heres our starting ( September 2015) data: Mortgage: $186,419 Interest rate: 4.8% Monthly payments: $1276 Term 20 years Redraw: $79,270 Monthly payment I/O $310 Total Mortgage Debt: $266,689 The redraw is the deposit amount of two investment properties we bought a few years ago when we borrowed against the value of the home ( $400,00). About us - we're in our early/mid 50's, both employed full time. I have a government job in a sector that is being privatised. We've had layoffs every year for the last three years and another 32 are to be laid off at the end of the year ( not me). The team I am in was halved two years ago and I kept my job but realistically its highly likely that lay-offs will continue and eventually my position could go. I have nine months salary saved on the deferred salary scheme so thats my first back up plan. If I do still have a job in 2019 then I will take that year off and use up the salary. My goal is to have the mortgage paid off by the end of 2019. My husband works for a non profit and so he is able to salary sacrifice into the mortgage.His job is secure and he likes it so no concerns there. The plan. - We should have the last credit card paid off within the next month. Then most of those snowball payments will be directed into the redraw part of the mortgage and we will reduce the redraw balance each time we hit a $5000 reduction. The remaining extra funds will go onto the regular mortgage balance. I'm really pleased to be able to join up with others focused of paying off the mortgage and look forward to sharing my progress and reading about other peoples payoffs and ideas.