Paying Off Our Mortgage With $2 A MONTH (Mortgage Payoff Update)

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:

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CONTACT ME:

WANT TO SAY THANK YOU?

🔹 Venmo/CashApp: @marypennies $marypennies

SEND ME LETTERS:

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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[ungluedmom]

Being mortgage-free definitely feels good. Not having car loans is an absolute cherry on top.

[PrJasonFerreiraMusic]

Paid my house off March 2022. Had a 4.25% interest rate but regardless, the feeling of owning your home is amazing. Keep going!

[brookenigh]

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!

[Sitasbudgetingjourney]

Great update. You will be under $100k in no time. My goal is to pay mine off in the next 6 years. Great video😊

[ashnichole]

Thanks for the update. We are at 77, 000. I can't wait to pay it off

[lexieparis]

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!! ❤️

[janinelynch]

I round up on my mortgage bill also !
Every little bit helps !

[KatieoftheHouse]

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 🎉

[FIRE_DrNinjaTurtle]

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. ❤❤❤❤

[micheleplott]

I round up too and apply it to principle. Thanks for the update 👍

[donnajo]

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. ☘☘🤗🤗💚💚

[theariesnme]

I purchased my home in 2020 with a mortgage of 200k. Todate, i am at 173k ish. I do a bi weekly mortgage as well as adding $100 monthly towards principal and extra $50 per month towards escrow. Im excited to paying this mortgage downnn. I like that extra 2.60 thing to make even number.

[victoriousvkg]

WoooHoo!!! Congratulations on your progress!!!

[FunandBudget]

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

[orarbel]

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!

[sandrafromscotland]

Thanks for sharing Mary. Your chart helps to visualise your progress 👏 How are Hank & Jui Jui? How old are they now?

[dominiquebailey]

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.

[CoreyFlickinger]

ALMOST half way there from 100k! goal is to be done within 2.5 - 3 years max! First house at Oct 2020.

[familylifetoo]

How do i know if im subscribed to you? All i see is join? I must be subscribed already. 😂

[MrDarkknight]

Mortgage is 1/4 of my income.. I want to keep that that