In order to produce the podcast and keep content up free for you, I work with partners so this post may contain affiliate links. Please read my full disclosure for more info.
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.
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 mortgage.
In this episode, we discuss:
- why they were adamant about knocking out their mortgage so fast
- steps that were crucial to 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:
- Best Budget and Money Apps: Personal Capital, Tiller, Mint
- Jumpstart Your Marriage and Your Money
- Grow Your Stash Faster: High Yield Savings with CiT Bank
- Automatic Saving: Qapital
- Refinance your mortgage for a better rate: Lending Tree / SoFi
- 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
Define Why You Want to Pay Off Your Mortgage Faster
Andy: When we got together originally about paying off the debt, our big why for that was ‘Would it be great if you could stay at home and raise our children once we’re debt free’?
And that really got her excited about it and it got me excited about it too because for her to be able to spend that time with our kids and you know be there for them after school and things like that that was very important to her. She did like her career but not enough to swap that for for staying at home and obviously it really depends on who you are as a mother. I have some ladies that I work with at my career that see my wife’s situation they’re like That’s nice that your wife does that. But man I don’t want to stay at home with like so it’s a personal preference right. You know your WHY is personal for you and then the mortgage. I you know for me I think it’s I think it would be really incredible when we were getting together for the why to say what if we never had to make payments again to anybody in such a large payment you know for us when we bought that house. It was a larger purchase for me.
Looking for more ideas on how to find, save, and make extra cash to pay down debt (or another big money goal)?
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.
Easy to set up & easy to use. You can have all your investments, income, and expenses all pulled into one place.
Did I mention it’s free? Why don’t you give Personal Capital a try today?