We paid off our house! MORTGAGE FREE AT 40 YEARS OLD!

My wife and I's monthly payment was $2415 month. We would pay an extra $500 a month towards the principal. We currently just refinanced to get a lower interest rate and to get off of PMI. Our new monthly payment is $2915 a month. We plan on still paying $3700 a month but are now going to do bi-monthly payments.

Yes!! I paid my house off over a year ago at 31, so I just want to let.people know that you can do this as a single lady that isn't on YouTube.

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

I paid up all my mortgages in 2yrs while working with a Financial Adviser. I’m 50 and my husband 54 we are both retired with over $3 million in net worth and no debts. We got to realize that the secret to financial freedom is making better investments.

Congratulations! I know the feeling. At 38 y/o, 5 kids, homeschooling and all the stuff... we were able to pay off our house. To God be the glory for all He has done. And aa you have said... it's sooooo difficult to switch mentality and focus on new endeavours! God bless you and yours. Keep sharing!

Love having honest money conversations! I'm 36 and my husband is 39 and we are 4 weeks from no mortgage

Congratulations! We are debt free and mortgage free also. The freedom this gives you is amazing. I quit working at 51. My husband is retiring Dec 22. So we will be officially retired at 52 and 55 years old.

47 and just recently debt free (still renting 😔) but working on an emergency fund and down payment for a home. Even at this stage, it feels so freeing to know that all my money other than rent is mine and I don't owe anyone else. Congrats on paying your home off!!

Congratulations 🎊 to you & your family!! I'm on that same journey purchasing my home in 2016 for $206.500 & as of today, I owe just $128,000, in addition, I am a single woman, understanding ALL of the sacrifices that you made to accomplish your goal! Congratulations again!! What's next??

This is the goal! My husband and I are nearly 30 and our goal is to pay it off at 40. We're raising small kids and home schooling, but still very determined to achieve this.

Congratulations! Yes we also bought our house in 2014 for $89,000 (Ohio 😃) and doubled up payments and paid off in 3 years! All praise to our great God!

My Mom was also mortgage free at 40. My Dad died at 41 and she paid off the house with a majority of the life insurance, and still lives there today 26 years later. It was such a comfort to know that we would always have a place to call home, despite the upheaval of losing a parent and his income. My husband and I bought our first home in early 2020 and we've been making additional payments every year - its so great seeing the huge difference a few extra payments can make!

My coworker came to find me the other day to tell me she was leaving early to go make her last mortgage payment. I was the only one she could tell because she knew I retired my mortgage last year. I gave her a big high five. It's a secret club of smart, focused people who know the value of owning their home.

That is soooo exciting!!! Congratulations!!!! We just bought our first house 1 year ago with 25% down and did some necessary and pretty updates with cash! Now to grow the emergency fund from 3 months to 6 months then double our retirement savings, then pay off the house!! Longgggg term goals aren’t very exciting in the middle but hearing people like you hit their goals at the end is soo motivating!!

I’m not far behind, 43 and it’s 13 days today until I pay mine off🎉 so close now I can’t wait! Worked so hard to do this whilst so many people around me have wasted obscene amounts of their spare cash on things that don’t matter. I’ve been asked so many times ‘what are you doing that for? you might drop dead the day you do it’ well if I do, knowing my Wife and kids will always have a roof over their head and be secure was worth every minute! Hopefully I won’t though, and we can now start doing something fun, every month, for life! I’ll never borrow a penny again! 🎉🎉

You are teaching your kids powerful life lessons with actions like paying off your house. Just announcing it, talking about it, how you will casually mention it is the reason you are able to afford things later. It will imprint upon their feelings about money and debt more than you will know now and maybe even for years and decades. Congrats!

Congratulations!!! My husband is the sole breadwinner. (I am a homeschool, stay-at-home mom.). We bought our house in August of 2017, and we just paid it off in March of 2022. We got a 20-year mortgage so our payments were about as high as we could stand. Anytime we got extra money, most or all of it got thrown on the mortgage. We did no spend months. We said no to ourselves a lot. While we were paying off our house we had two more children (our second born was 12 days old when we moved into our house.). So we have four kids, ages six and under, and my husband is 36, and I am 33. It’s such a wonderful feeling! Especially since inflation has gone absolutely crazy, it’s such a peace of mind to not worry about making monthly mortgage payments.

We paid off our home in 7 years with 5% down. Lived on one salary (which we continue to do.) Christine, I think people would benefit from learning about annuities. Makes a huge difference in retirement....and my husband retired 7 years early. We are very blessed. AND you are right, donating makes us feel good...very good.

Great video

I just paid off all of my credit card debt. Working on the house next. Side note. I would recommend the hot tub. I lived with my parents after a divorce and then stayed to help them through a tough few years. They had a hot tub and mom and I used it almost every night. Dad didn't like the tub but would sit with us weather permitting. Now that they are both gone too soon (mom was 59 and dad 70) those are moments I remember frequently.