This past week, we received a lot of negative feedback for paying off our mortgage early. We're very happy with our decision and realize it's not for everyone.
But we have to ask ... are we wrong for paying off our mortgage?
What do you think?
Yolanda wants to pay extra toward her mortgage but she’s not sure if she’s doing it correctly.
Holden Lewis, a Mortgage Expert from NerdWallet, joins me to help her out.
We discuss how to ensure your extra mortgage payments are going toward the principal and how refinancing your mortgage may fit into the picture.
Also, we hear how Mike Kenny, from Ontario, became a millionaire Dad by 33!
Mike Kenny: https://twitter.com/mike_kenny3
Samantha and her husband are trying to decide between a 15-year mortgage and a 30-year mortgage.
Scott Trench and Mindy Jensen, co-hosts of the wildly popular BiggerPockets Money Podcast and the authors of the new book, "First Time Home Buyer", join to help answer her question.
Also, we hear from Abby Feuer from DonorsChoose about the state of teaching in America and how we can all help.
There is a lot of debate around whether or not you should pay your mortgage off early. After my wife and I paid off our $200,000 mortgage off in less than 5 years, we know it was the right decision for us. Here are 10 compelling reasons to consider paying off your mortgage early.