Why You Should Pay Off Your Home Early

Made my final mortgage payment yesterday! 38 and debt free!!!!! Took about 11 years and 4 months to pay off.

Being debt free for 30 years. When my paycheck comes I’m like oh another check. It does grow when there’s no debt. Faster than you think. Honestly i don’t even know it’s pay day until i get the email from my bank saying a deposit was received. Good way to live.

We were able to pay off our mortgage this past august. Life has been changed drastically for us. We no longer worry about money and our focus now is saving. We were able to pay it off in 10 years. The remaining balance was 20k and we payed the lump sum. At age 33 with a household income of 120k. I’m very proud of us.

Today my mortgage of 175k is being paid off after almost 8 years and feels great 😊

I paid off my house 3 years ago. I literally can now save $60K per year. It's pretty cool, and I am single with no kids or other debts 😊 🎉 best part is I love working and making a 6-figure income. Next is finding someone to share it with. Starting my 40s with a bang 🎉 😊

Paying off your house means more than just financial peace. The mental peace you get knowing that you can go to bed at night not owing money to anyone is a feeling of tranquility that is hard to describe.

I currently owe $85,976 on my mortgage loan and I’m aggressively paying down this mortgage at this time. I can hardly wait to pay this loan off. Then I will be debt free! Yessss!

I've been in my home 9 years and got really focused in the last 3 years. I'm looking toward a payoff in mid 2024🎉🎉🎉🎉🙌🏾🙌🏾

I just paid it off this morning! Zero debt. 😃 I'll take the cash, do some upgrades, then get ready to downsize and retire.

We are now 8 years into our current house and in the process of paying it off by end of December 2024!!

We paid off our mortgage in this November Thanks to Dave’s 7 Baby steps and now we are one of the everyday millionaire because of his teaching! Very grateful that our family future has changed and we are now in Step 7! God Bless Dave and the team and it truly works if you follow his outstanding advice as we have validated it through our own experience to build financial peace and wealth!

Thank you Dave!!! I will be done with my mortgage in 3 years. Turn a 30-year mortgage loan into an 8-year loan.

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.

Been 💯 debt free for 14 months .. including the house .. glad we did it .. thanks Dave !!

Thank you Dave. I just paid my last mtg payment last week @ 40 yrs old.

With rates climbing like never before in ’23 coupled with uncontrollable inflation, and our own mortgage at now 7.5% what are the best alternatives/strategies for avoiding a crunch and maximize my $600k savings other than moving in to an RV with my two kids and wife.

I recently payed off my house. I payed the last $500k and now debt free. I make 1.2M a year and can finally breathe 🎉

I followed Dave religiously for 1 year, and we were able to pay off our mortgage. Thanks to Dave, I dedicated 16months in working full time and paying my Masters out of pocket. Today I am completely free, glory be to God. I am naturally very scared of debt because I grew up watching my mom drawing in debts and never able to pay until our adulthood, my siblings and I came together to pay of her debts and for the 1st time in her life she is experiencing true peace of mind. Now, I am entering my investment phase. I need all the guidance I need to invest wisely 🙏. YOur suggestions are welcome. IT IS POSSIBLE, YOU ONLY NEED TO BE EXTREMELY DESCIPLINE. THANK YOU DAVE. 🙏

We owe 55,000 on our home my wife and I are on a mission to pay off our home in 1 year and I will throw 10,000 straight to principal that should cut the interest to nothing . Wish us luck 🍀

Blue collar here, my hubby and I just paid off our house 2 weeks ago, it hasn’t hit us yet.😂