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Reply to "Spouse Insistent on Paying Mortgage Off Early "
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[quote=Anonymous][quote=Anonymous]We just recently paid off our mortgage and with the unrest that's happening right now in our country. I am thrilled to have full ownership of my house. We kept the 30 year loan but paid it off in 17 years. As another poster mentioned every overpayment you pay goes 100% towards principal. And as the principal goes down, so does the interest. I am team pay off your mortgage. There's nothing more free than know that you own your house outright and a bank cannot take it away from you. [/quote] Same. But we did it in 19 years. Very happy with our decision. Of course, if we weren't fully employed the calculus might be different. [/quote]
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