Early Mortgage Payoff?

DNB First shared a link to an article today about “why you should make an extra mortgage payment” and it made me wonder, how many people have been able to pay off their mortgage early?

A quick google search revealed several stories of people (couples, families and individuals) who were able to pay of their mortgage in less time than the original life of the loan. Many suggestions include: cutting superfluous spending, making a strict budget, eliminating other debt first, and refinancing.

One article that stuck out in particular comes from a blog called Domesticimperfection.com. In their story about paying off their home early, the author describes how she and her husband were able to pay off their mortgage in just 3.5 years! Incredible.

For many that seems very aggressive, and might not always be a feasible option. But the point of her post should apply to any situation. You can acheive any financial goals you have with proper planning, organization and dedication.

Do you or someone you know have a story about a big personal finance win? Please share!

Vince Liuzzi – Banking Executive

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Author: Vince Liuzzi

I help Cleveland-area business owners do two things: buy businesses worth buying, and sell businesses at prices worth celebrating. I've been working in business brokerage and M&A with Transworld Business Advisors of Cleveland Metro long enough to know that this work is about more than transactions. Selling a business you've spent 20 years building is one of the most significant events of your professional life. Buying your first business is one of the most nerve-wracking. Both deserve someone in your corner who's been through it hundreds of times. I started this blog — Community Broker News and Views — because I got tired of watching business owners get surprised by things they didn't know they didn't know. The content here is original, it's practical, and it's built for Cleveland-area owners and buyers who want straight talk without the corporate fluff. **What I Do:** - Business valuations (complimentary, no-obligation) - Seller representation: valuation, preparation, listing, and closing - Buyer representation: search, evaluation, financing, and closing - Exit planning: helping owners prepare 1–3 years before they want to sell *Vince Liuzzi | Transworld Business Advisors of Cleveland Metro* *Serving Cleveland, Akron, and Northeast Ohio*

One thought on “Early Mortgage Payoff?”

  1. If was making the kind of money most of Dave’s callers did, I would buy a house right now. We hardly have any debt, so I’m working on the making more money part (going back to school in the medical field).

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