Mortgage

Paying Off Our Mortgage Early – Update With Chart

My wife and I financed the purchase of our new home five years ago.  We are working hard and paying off our mortgage early.  Our goal is to own our home in less than ten years. I use a simple pie-chart to track our progress. Having a visualization keeps us motivated and excited about the progress we are making. We purchased our home in February of 2010. Hopefully, we’ll pay it off in less than 10 years – which is our stretch goal – but as of right now, we have shaved 6 months off of the length of the loan. Our progress was slowed, just a bit, when I changed jobs, but we are back – on-track – making…

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Mortgage

We Found The Perfect House For Us

Four years ago, my wife and I purchased a new home.  With three kids, we needed a place that was big enough for a family of five, close to work, and within our budget.  Here’s how we found the perfect house for our family – First, we looked for a house located within reasonable driving-distance from where we worked.  There are several neighborhoods in our area, but we managed to narrow our list down to a top five. Second, we each jotted down a few must-haves and would-likes – to create the list– the things we were looking for in our new home – Must-Haves: a quiet neighborhood with paved streets four bedrooms two bathrrooms a two-car garage space for…

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Mortgage

We Bought The House We Could Afford

Four years ago, my wife and I began to search for a new home.  Our family had grown and we were looking for a new place to live – our home for the next 20+ years. Before looking for our new home, we spent several months saving up enough money for a down-payment.  Our goal was to avoid PMI – private mortgage insurance.  Once we had saved up our down-payment, we began the process of looking for our new house. We set a budget – a desired purchase price and a desired monthly payment amount.  We began our search with these numbers in mind – and fixed. One of the things I was concerned about was qualifying for a mortgage. …

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