Wednesday, March 9, 2011

Mortgages

The economy does not seem to be doing any better in some ways than it did last year. Many are without jobs, debts are steadily increasing & many families are loosing their homes due to financial crisis. So tonight I was sitting here wondering about something.....What are you doing to pay off your home mortgage earlier than scheduled? Or are you? I realize it may be hard for some to pay more than just the regularly scheduled payment but when the financial belt loosens a notch, are you using the little extra to help take care of that nagging mortgage note?

I can't wait until the day comes when I can officially burn my mortgage papers because my house is paid in full and outright mine. I don't know what the American dream of the majority is nowadays, but mine is to live debt free.

3 comments:

Living on Less Money said...

My mortgage has been paid in full.. but in a way I didn't anticipate. My husband became disabled and we had to sell our home because he could no longer work. So we're debt free... finally... it just came about in a different way than expected. :-)

We are enormously blessed with a good roof over our head and a warm bed to sleep in every night. Many in the world are not so blessed.

Jennifer said...

We used to pay extra on the mortgage each month. Then we took out a van loan 1.5 years ago. Now all extra money goes towards that. it should be paid off within the next 2-3 months and we will get back to paying extra on the mortgage. I think we will do just $100 each month, as we have other savings goals we have to take care of too (new driveway and furnace), but I am anxious to get back to it.

One Happy Girl said...

@ Living on less money.....you are so right -being surrounded by family & close friends, a warm bed, a roof over our heads & food in our stomaches...those are the true blessings in life.

@ Jennifer....that is wonderful that the van loan will be paid in such short a time! I hear ya on goaling your funds yet still applying what you can to the mortgage. Every little bit helps regardless of the amount.