Paying Off Our Mortgage With $2 A MONTH (Mortgage Payoff Update)
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- Опубликовано: 10 сен 2024
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It's time for a mortgage payoff update! A few people asked how it was going and if we were still making progress on our mortgage payoff.
We are not paying off our mortgage fast by paying much extra, but it's still paying off quickly. I also started paying $2 a month more just to round up the payment for my own mental satisfaction.
I also share our house value and how much equity we have now. It's a lot! We could potentially use that for our next house, who knows what will happen?!?! Having less debt and more equity gives us more options. That's what I love about paying off debt. Options and freedom of choice!
In this video I share my semi-quarterly mortgage payoff update for those who still want to get updates!
Videos all about our house purchase and refinance:
♣︎ How much we paid for our house ➝ • Our House Price & Mort...
♣︎ Our mortgage refinance details ➝ • Mortgage Refinance & C...
★ Why we STOPPED paying off our mortgage: • Why We Stopped Paying ...
★ The TRUTH about mortgage payoff: • How To Pay Off Your Mo...
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CONTACT ME:
🔹 Website: penniesnotperfe...
🔹 Shop: shop.penniesno...
🔹 Instagram: / penniesnotperfection
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WANT TO SAY THANK YOU?
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🔹 Venmo/CashApp: @marypennies $marypennies
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Mary
P.O. Box 240981
Memphis, TN 38124
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**The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. Investing entails risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time. I am not a professional and this channel is for entertainment purposes only. Do your own research!!
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Being mortgage-free definitely feels good. Not having car loans is an absolute cherry on top.
I bet! I’l be driving my current paid in full car for a long time. I don’t put as many miles on it so it’s going to last a while.
Wait until you get under $50k for your payoff. It will be SO tempting to not empty your emergency savings just to pay the booger off. Looking forward to you reaching that goal. Great job, Mary!
I’ve kinda thought about that… once it’s that low it will be tempting even with the great rate!
Paid my house off March 2022. Had a 4.25% interest rate but regardless, the feeling of owning your home is amazing. Keep going!
I always hear this from people who have done it!
Great update. You will be under $100k in no time. My goal is to pay mine off in the next 6 years. Great video😊
Best of luck!
I cannot WAIT to be under $100K but I also remember there was a time when I couldn't wait to get under $200K...lol
That’s where I’m at I can’t to be under 200.000 😅.
You will get there
Hahaha I remember cause I love your updates
Thanks for the update. We are at 77,000. I can't wait to pay it off
Ohhh I fun number! 🤣
We started off at 270k when we bought our home last January and now we are at 236k hoping to pay off in about 7 years… congrats on your progress!! ❤️
That’s quick progress!
I do the same thing of adding extra money to make it an even number. I also add an extra 100.00 a month so that it comes out to a 0% interest rate over the life of the loan. ❤❤❤❤
Nice!
I round up on my mortgage bill also !
Every little bit helps !
It does!
I started off at 317.000 new build 2023 and now I’m at 297.000 I really want to pay my house off in 7 years. It feels great to see the progress every penny counts.
We round up our mortgage also. It's about $43 a month we round up too. Plus we send our escrow $60 a month. The last 2 years they issued us a check for the overage on the escrow. Great video. Hugs my friend. ☘☘🤗🤗💚💚
I round up too and apply it to principle. Thanks for the update 👍
👏👏
Ya know, that $2.60 every single month is going to make a difference over time. Great job! Y’all are going to be under 100K this year 🎉
Thanks for sharing Mary. Your chart helps to visualise your progress 👏 How are Hank & Jui Jui? How old are they now?
Juju is 12, almost 13! Hank is 7.
WoooHoo!!! Congratulations on your progress!!!
Thanks!
ALMOST half way there from 100k! goal is to be done within 2.5 - 3 years max! First house at Oct 2020.
Amazing
Great video, Mary! 🎉keep going
Thank you! Will do!
Mortgage is 1/4 of my income.. I want to keep that that
Congratulations 🎉 y’all r killin it😊
Thanks!
You go girlll
💖
Add 40
just so you know that on desktop the screen you showed in 3:05 is not clear. the escrow number is hidden by youtube icons, I could have seen it better if it was not stick to the buttom of the video frame. and I love following your proccess . good luck!
Ok thanks for letting me know.
Any Canadians here in shock at how inexpensive homes are elsewhere.
Well I live in a not popular city so it’s not like this everywhere in the us.
@@PenniesNotPerfection oh I know. major cities prices are crazy but even the cheapest of places that are livable in Canada are $400,000+
Winnipeger here...I'd take the US's ability to have long term rates (when good) over a cheaper house right now 😂 our current rate is 1.94% and I'm terrified to renew the next 5 yr ear term...it's going to hurt and it's going to be near impossible for us to make extra payments
Hi wow amazing
Its going to feel so good when its $99,000.
Mine is still $407,000.
Been stuvk at that number for a while 😭.
It will!
And then I’ll probably be starting over at $400k 💀💀💀
How do i know if im subscribed to you? All i see is join? I must be subscribed already. 😂
You probably are! There should be a subscribe button but if you already did it then it will be gray and say subscribed.
🎉🎉
The key to this entire video is WE. It would sure be nice to have two incomes to pay a mortgage off quicker. Not all of us have that luxury.
If not a romantic partner or spouse people could get a roommate (or 3). It’s definitely easier with more than one income.