The Mortgage Payoff Club has had 10 members pay off their entire mortgage so far. Our community is a huge source of inspiration to help them do it.
Mortgages get paid off quicker with support from others who have the same goal that you do. It's a long and hard journey and it's not always a...
Want an easy way to calculate how fast you can pay off your mortgage with extra payments? There are a lot of Mortgage Payoff Calculators out there but I decided to learn something new and create one myself using Google Sheets. After all it's just math? Can't be that hard... right? Right?
It...
One year along and not as far as I would have liked due to Murphy arriving as my wife's job went away in June and hasn't been able to find a good new one yet. But 2022 is looking good. :) Once our Emergency Fund gets back up to $20 to $25k (at ~$14k now) we'll start hammering at it again. :)...
I thought it'd nice to do an annual status report grading my progress paying off the mortgage. Above is a graph comparing my current progress in paying off the mortgage vs what my mortgage balance would be without paying extra.
But first.... some stats:
Original Balance:
$288,225.00...
When I first joined the Mortgage Payoff Club I was starting my 4th consecutive year of additional principal payments, 26 months later and I was done. It was, and still is, exciting to see Club Members progress thru the Leader Board to the paid off section at the top, and that had been my goal...
Why payoff your mortgage? Freedom. I haven't had a car payment in 6 years and I REALLY love that feeling. Imaging that feeling but having a paid off house. That'd be bliss.
Why payoff your mortgage? Less stress. I'm freelance and the sole earner for my family of five. I've been blessed with...
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