Comments on: Accelerating Our Mortgage Payments to Save Money

By: Net Worth Review: December 2011

Net Worth Review: December 2011 — Mon, 02 Jan 2012 13:58:11 +0000

[...] goal is to pay off our mortgage years before we retire. Right now our timeline is about 15 years, instead of the 30 years we [...]

By: Net Worth Review: November 2011

Net Worth Review: November 2011 — Fri, 02 Dec 2011 13:01:48 +0000

[...] goal is to pay off our mortgage years before we retire. Right now our timeline is about 15 years, instead of the 30 years we [...]

By: Couple Money Net Worth Review October 2011

Couple Money Net Worth Review October 2011 — Thu, 01 Dec 2011 16:32:13 +0000

[...] goal is to pay off our mortgage years before we retire. Right now our timeline is about 15 years, instead of the 30 years we [...]

By: Net Worth Review at Couple Money – July 2011

Net Worth Review at Couple Money – July 2011 — Tue, 04 Oct 2011 01:27:52 +0000

[...] Loan Amount: $109,760.30Interest Rate: 5.00%Loan Term: 30 years, fixed rateOur goal is to pay off our mortgage years before we retire. Right now our timeline is about 15 years, instead of the 30 years we [...]

By: Mrs. Frugalista

Mrs. Frugalista — Sat, 24 Sep 2011 23:30:06 +0000

We’ve paid a little over $20k on the principal of our house in 9 months. Our balance today is at what it should have been August of 2012. I must admit that I’m literally addicted to paying down this mortgage. We are blessed with a good income, but we live below our means without compromising essentials. As of this month, I’m (we’re) pretending that our 15 year@3.75% mortgage is a 7 year mortgage, which means that an extra $1,400 will go into the mortgage principal. Our mortgage lender is Chase and I can make extra principal payments online as long I’m current on the monthly payment. If it all works out, I’ll pay our monthly payment 15 days before its due date and on the first of the month I will pay the extra $1,400. Honestly, I’ve made principal payments of as little as $7.35 because for me, any extra amount I send will get me to pay off this mortgage a little bit sooner.