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Why and How to Pay Your Mortgage Off Early

Why and How to Pay Your Mortgage Off Early

FromCouple Money Podcast


Why and How to Pay Your Mortgage Off Early

FromCouple Money Podcast

ratings:
Length:
15 minutes
Released:
Jan 25, 2022
Format:
Podcast episode

Description

Want to pay off your mortgage early, but don't know how? Learn how you can find the money so you can own your home free and clear! Pay Your Mortgage Off Early? Have you ever wondered how it would feel to be rid of your mortgage payment to own your house free and clear?    Even though we got a really good deal on her place, I would love to not see that huge chunk of money leave our accounts every month.   Right now, we’re on a plan to knock out our mortgage early and we’re excited about the process. Of course, this isn’t an overnight thing, so something what’s been motivating and encouraging is listening to others share how it felt to get rid of that debt. I think that's going to be the frustrating piece for everybody. Who's thinking they're gonna pay off their mortgage early. That there's going to be some big parties, Guess I’ll just send that payment online and celebrate at home, noted.  By the way, that’s Steve Stewart. He’s the talented editor behind some of fantastic podcasts like Stacking Benjamins, ChooseFI, and Financial Grownup.  A few years ago, Steve and his wife went to their lender with cash and paid off their mortgage. Today, we’re pulling from the archive my chat with Steve about hitting that huge milestone.  In this episode, we’ll get into: Why Steve and his wife chose to focus on paying off their mortgage Building momentum and payments How you can create a mortgage free plan that fits your goals and budget Are you ready? Let’s get started!  Resources to Dump Your Mortgage Faster If you’re looking to dig in deeper on mortgages, here are some resources to check out: Best Budget and Money Apps: Personal Capital, Tiller, Mint YNAB Mortgage Payoff Calculator   Total Money Makeover Jumpstart Your Marriage and Your Money Mortgage Payoff Calculator Paying Off Your Mortgage Early Paying Off The Mortgage Wasn’t Our First Priority (but we did it anyway) 5 Steps To Paying Off Our Mortgage Early If you want to chat some more about creating better money habits, questions, or share your own tips please join us over at Thriving Families on Facebook. Thank You to Our Sponsor Coastal! Support for this podcast comes from Coastal Credit Union. If you’re living in the Raleigh Durham area and looking to bank better, come check out Coastal today! We've been members for years and love their service and competitive rates on checking and savings accounts! Rollover Your 401(k) Easily with Capitalize We’re grateful for wonderful partners like Capitalize. Not only do they support the podcast, but they help make managing your money so much easier.  Did you know that it’s estimated that there are currently over 24 million “forgotten” 401(k) accounts? In fact, the average American changes jobs every 4 years.  And because of the Great Resignation, you or someone you know might be changing jobs even more  It’s an extreme case of out of sight and out of mind. Is your old 401(k) in there somewhere, left behind at a job you're no longer with? One huge benefit with an IRA is you get to choose how your money is invested, not your old employer.  If you want to consolidate your old 401(k) and have more options with how you invest, it may be time to roll them over into an IRA.   With Capitalize, they handle the process from start-to-finish – for FREE. They handle the process from start-to-finish, and yes that includes calling the 401(k) provider on your behalf. Find out how and get started today!
Released:
Jan 25, 2022
Format:
Podcast episode

Titles in the series (100)

Couple Money Podcast tackles how to build your marriage and wealth together! We talk with financial experts, renowned journalists, and real-life couples who have done extraordinary things with their money such as paying off six figures of debt, overcoming financial infidelity, and retiring early! Get the tools and tips that have helped them be successful with their finances and marriage. Each episode covers crucial money topics like lending money to family, dumping debt faster, and the keys to financial independence.