Six digits of debt are intimidating, especially when you're a single homeowner. But at 29 years old and just 15 months after buying my house, I've already paid $100,000 off my mortgage.. and I plan to pay the other $155,000 off before I turn 31.
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Remember that there are hundreds of loan programs available in today's lending market, and each has different guidelines. So, don't be discouraged if your dream home seems out of reach.
Yes, pay off your mortgage even if you get a tax deduction for paying interest. Yes, pay off your mortgage even if the asset is appreciating more than the interest rate you are paying.
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