Ready to Pay Off Your Mortgage? Remember These Important Steps

So you’re ready to pay off your mortgage?! Congratulations!

There are some important hoops you have to jump through to make this momentous occasion official. After all that hard work in paying your monster loan, let’s make sure you cross all your “T’s” and dot your “I’s”.

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$400,000 Home Paid Off in Less Than 4 Years

The beautiful fall day outside of my office windows made it tough to concentrate that day. Not only were the leaves on the trees changing, our family’s financial situation was about to change as well.

Eventually, I made my way out of the office for the day and into the crisp autumn air. I took a deep breath to appreciate the moment and said to myself, “THIS is going to be a life changing day for our family.”

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55 | Money Plans After the Mortgage is Paid Off?

Last week, Nicole and I made a really FUN phone call. We reached out to our mortgage company and said that we’re ready to pay off our 15-year loan. It was awesome!

I honestly can’t believe we’re here! After 4 years of extra payments and me repeatedly telling my patient wife the monthly balance … our day has come!

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8 Compelling Reasons to Pay Off Your Mortgage Early

My wife and I have been paying down the principal on our $200,000 mortgage for almost four years now. The balance currently sits at $20,000. We are knocking at the door of mortgage payoff paradise!

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What Our Mortgage Freedom Looks Like at 35

The home mortgage is quite often the largest expense in your typical annual budget. Since your mortgage eats up such a huge chunk of your monthly income, completely ridding yourself of it could be quite freeing.

My wife Nicole and I completely agree with this sentiment of mortgage freedom. We’re just not interested in having a mortgage anymore. So, we’re getting rid of it.

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15-Year Mortgage Paid Off in 5 Years

During late 2013 while I was traveling out-of-town for work, my wife Nicole found our “forever house”.

This home had everything she was looking for including an attached garage, open floor plan, updated kitchen, walk-in closet and a big backyard on a half-acre lot. She told me that this was THE ONE and as soon as I got home from out-of-town, I had to see it.

My wife has excellent taste and the majority of the time we are in sync. I wasn’t worried about liking it. I was worried about getting a BIG OLE MORTGAGE to pay for it!

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