How to Pay Off A Mortgage Faster (The Math)

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This video breaks down the exact math on how to pay off a mortgage faster.
Many people know what a mortgage is, but many don’t understand exactly how a mortgage is amortized.
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Instrumental Produced By "iAmHaywood" on IG
⏰ Timestamps ⏰:
0:00 - Introduction
0:21 - My Home Affordability Spreadsheet
3:30 - How to Use an Amortization Table
6:36 - Policygenius Spot
7:43 - How To Pay Off Your Mortgage Early
11:45 - My Thoughts
ABOUT ME 👇
My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos are a reflection of my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
This channel allows me to share my passion for personal finance, stock market investing, real estate investing, and entrepreneurship. I produce content that I would want to watch, and because of that, I give 100% effort in every video that I make. I also believe in complete transparency and open communication with my audience.
Subscribe if you are interested in:
#Mortgage
#RealEstate
#RealEstateInvesting
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

[@WhiteBoardFinance]

To start comparing quotes and simplify insurance-buying, check out Policygenius: Policygenius.com/whiteboardfinance Thanks to Policygenius for sponsoring this video!

[@victoraughtiii8839]

I'm a patreon subscriber now. How did I miss that? Vik

[@511Stallion]

Thanks for what you do Marko. My home will be paid off in December 🙌🏾🙌🏾

[@andoniades]

People tend to forget to save $$$ after they pay off the home. You still need to pay property taxes and no more single family home tax write-offs. The good thing, no more paying that mortgage interest...basically paying for the loan.

[@blankn1612]

Sooooo where are all the links for the calculators you used in this video???

[@JohnDoe-zg8jm]

What about bi-weekly payments? Will that help bringing down the principal balance?

[@LynnBX2]

We have $16K left $ pay, our last payment will be on July 16th! Can’t wait to be 100%. Debt free!

[@derekross6649]

Excellent!!!!

[@caffed]

Congratulations! What a milestone to reach. Look forward to my day.

[@LynnBX2]

@@caffed thanks, it took a lot of dedication.

[@EachAdventure]

“In California this is an outhouse or a trailer…” 😆

[@GN-md4jj]

Fact

[@missakt7489]

If you get your offer accepted on the outhouse. 😩

[@panossiemos9930]

"No income, no job, if you can fog a mirror you get a mortgage." That was exactly the situation that ruined the Greek economy. In the 90's and later everyone was getting a huge loan, much more than they could afford, and then suddenly came 2008... Thank you so much for your advices, even though not all of your videos are suitable for non Americans (for example there isn't something like Roth Ira in Greece). Greetings from Thessaloniki, Greece. PAOKARA - PARTIZAN GROBARI !!!

[@franortiz8987]

The whiteboard calculator was such a great tool when looking for what I could afford. For every home we looked at, we plugged it in the spreadsheet. It actually made me feel very confident when searching for a home. What an amazing tool!!! Thanks for sharing that with us.

[@WhiteBoardFinance]

Thanks Fran that means a lot!

[@MrDeanmfitz]

Is it free? Where do you find it?

[@dapperbowtique2696]

Great info! We refinanced back in June 2021 with an interest rate from 4.25% down to 2.5%, no PMI, and we went from a 30 year to a 15 year mortgage. We’ve been paying extra each month since we originally got our home 6 years ago here in Florida. We owe less than $130K.

[@lot5953]

I also did the same thing. I refinanced my mortgage to get a lower rate in 2020. My old rate was 4.375% but I refinanced down to 2.375% however the lender didn't have 15 year loan so I got the 30 year fixed rate. I will just continue paying extra monthly.

[@stevehampton5834]

Me too. Refi’d in 2019 from 30-year/4.25% to a 15/year 2%. Just paid off my car and saving for 6 months living expenses, raise my 401 to 10%, then putting a couple hundred each month on the mortgage

[@2ndgenshedmover]

No HOA because these people are smart and don’t want anyone dictating their lifestyle haha good one Marko

[@johanlorenzo]

LMAO so true tho, man. Some HOA can be a pain to deal with. Although there are some perks like living in a gated community; you’re probably just better off living in a good area and installing surveillance cameras around your house lol 😅

[@dotcom721]

Who’s smart? The guy (me) who pays 170 a mo for an HOA that isn’t restrictive, that covers the roof/exterior maintenance, water, and the lawn? Enjoy that yard work

[@beastfromtheeast9318]

Hoa is circumstantial. There are some perks to having an hoa, just depends on your lifestyle. I have a co worker who lives in a non-hoa neighborhood and he hates it. Houses and yards aren’t kept up and the people park their cars and boats on their front lawn.

[@Solidsnake999]

HOA was created because people park damaged cars in front of their houses and all their cars in the streets turning the streets in parking lot or they won’t cut the grass for years

[@Jeremy_810]

@@dotcom721 so you just sit on your butt at home. Some people enjoy a little physical activity. Enjoy your diabetes.

[@jpablo7879]

I love to see how your evolving from your first days of actual white board to this new nicer studio. You bring lots of value and honest truth with simplicity, hope you continue to succeed 👏👏

[@WhiteBoardFinance]

Ty! I still have the whiteboard tho :)

[@cdsersd2d]

I didn't know that Tim Tebow does financial stuff.

[@ProjecthuntanFish]

He doesnt play quarter back either, LOL

[@meshachjones6909]

😂😂😂

[@CovidPapii]

Lol

[@andruboine]

That's not tim Tebow it's mark from WHITEBOY Finance.

[@educationjack5730]

😂😂😂😂

[@christiannguyen6809]

Thank you Marco. Your videos are very informative and practical. You're doing a great public service for your viewers.

[@NickStratulat]

Love your content, you inspired me to start the same journey, 🙌🙏

[@jaircazarez2939]

In Los Angeles you can get a room under a freeway bridge for $500k.

[@unpopularopinion149]

Bought my house in July of 2018. Now it’s almost December of 2021 (Nov 29). I’m 40 months into home ownership. I’ve paid an extra $400 monthly on my payment towards principal and am 120 months into my loan term. I’m increasing my mortgage principal payment to $600 starting in January. I should have my house paid off in four years. So roughly 7 years I’ll have paid off my house. Keep in mind my home has gone up $130k since I’ve bought it (I know that’s not going to sustain since we’re in a bubble) and I’ve contributed $500 a week to a vanguard s&p500 index fund since closing on my house. I’m middle of the road also on investing and paying down the house early.

[@chely452]

Thank you so much for putting in the time, creativity and knowledge into this channel! I have learned SO much because of you. I'm able to bring these suggestions to my husband. With him being in construction and working 12hr days in the summer, it doesn't allow him much free time. I also share this knowledge with my parents! Thank you thank you! 🙌🏼🙌🏼🙌🏼

[@bharatingermany8611]

If you'd like to make huge money Investing in cryptocurrency with little capital I will refer you to Faith Sophia heeg. For more guidance.!;

[@bharatingermany8611]

*Tele ;-+ gram* @faithsophiaheeg*

[@followtheblues2130]

U.S. Corporations Income Tax Return | A Residential Mortgage kzbin.info/www/bejne/qXnPaayZZ9Cqask

[@rudybarton1171]

I really enjoy and appreciate your channel. Thank you for giving back. :)

[@iamkimtisaac]

I wish I could put this man in my back pocket and take him everywhere I go….. JUST SUBSCRIBED 💯

[@davidSFL79]

If any of y’all have a mortgage through chase, you can make use of tools similar to this. Excellent video marko!!!

[@Ariesgirl_13]

Thanks for this informative video!

[@jorgokrst883]

Great info Marko as always!!! Very smart man!!!

[@wendyuyennguyen]

I appreciate the message. I started watching this video thinking it's just going to be another video suggesting us to take out a credit line to pay down the principle. Instead your message is about buying the home you can afford and not go crazy with the current housing market.

[@followtheblues2130]

U.S. Corporations Income Tax Return | A Residential Mortgage kzbin.info/www/bejne/qXnPaayZZ9Cqask

[@Nenad-]

I think most people that get into trouble with housing are over-leveraged. It's important to stay within your means, especially when making such a huge purchase!

[@jonnoklr7293]

Saved to watch later. Already given you a thumbs up Marko. 👍

[@kingwoodbudo]

You're awesome man! Always great videos, thanks for creating great and useful content!

[@bharatingermany8611]

If you'd like to make huge money Investing in cryptocurrency with little capital I will refer you to Faith Sophia heeg. For more guidance.!;

[@bharatingermany8611]

*Tele -+ gram* @faithsophiaheeg*

[@TheGreenking04]

Love your content!!

[@THEREALCLOSER]

Great info Marko!

[@2eyeluvmac2]

Excellent video. Thank you.

[@ProjecthuntanFish]

My wife works a part time job at a local Duncan donuts. Her entire $450-$500 per month take home pay check goes on the principle of our mortgage.

[@dinkstover8606]

Great video. Every potential homeowner needs to be informed about this. Knowledge is power!

[@lopezalvaro2716]

I paid off my house in 2019. Refinanced for 30 years last year. I can pay it off at any time with other funds but I essentially have a negative interest rate on my mortgage right now. “If you think you own your house, stop paying you taxes for a year. You’ll find out who really owns your house” ps 52 year old here.

[@CarlosAntonio-br3xq]

You have a Deed? It doesn’t say you own your house.

[@joseemiliano8522]

City taxes are the greatest scam ever

[@charlottebauer5423]

@@CarlosAntonio-br3xq he may have a deed but if you don't pay property taxes the governing body you owe will evict you and sell your house to collect.

[@evanhoeck3067]

@Andrew keith just because your interest rate is less than the true inflation rate doesn’t mean you have a negative interest rate on your loan. The bank is not paying you to borrow money from them. It may be have been a smart move to do a cash out, but only if your returns on that money are used elsewhere AND returns are greater than the interest rate, inflation rate, and any other costs associated with having that loan.

[@morganwheeler406]

Negative rate? Use surplus to buy stocks, bitcoin, silver or gold

[@ryanhorlyck]

Good stuff marko !

[@thomasarnoldcoe6527]

Great stuff, mate!

[@dougz2855]

Thanks again for helping us save money! Keep up the great work 👍

[@Tykoon]

Your sense of humor keeps me coming for more 🙂

[@stuartlittle22]

As always.. great content

[@bharatingermany8611]

If you'd like to make huge money Investing in cryptocurrency with little capital I will refer you to Faith Sophia heeg. For more guidance.

[@hollygoodson6025]

Thank you so much! So helpful

[@blwonlinetradingsupportcen655]

I can assist you with strategies and signals to make good profit

[@djukan2010]

Marko went from Fendi dress shirts to white tees and paid off his mortgage in 1 month!! 😂

[@WhiteBoardFinance]

Lmaooo

[@olutoyin7602]

Excellent Marko. You deserve your own segment on CNBC or Bloomberg. Always spot on. Keep it up Bro.

[@WhiteBoardFinance]

Ty!!

[@habib080]

Amazing video

[@Buggu3]

How the bank get away with charging ppl so much in interest rate?? This is crazy

[@Fortyfreak85]

Just paid my house off in 7 years, love the videos!

[@alisonhenley353]

fantastic video! thanks Marko 😊

[@WhiteBoardFinance]

Thanks! 😃

[@anjankarki430]

Nothing but good advice.. Marko lays it down.

[@Yolomamba24]

Very helpful. 2 years into my first mortgage. Will be looking into this to see how much I can afford to shave off

[@ProjecthuntanFish]

Great video

[@jtluns9]

As someone who lives in California I can tell you my outhouse only cost $375,000 thank you very much

[@jml9550]

Haha. Yep. I know how it feels, I am the middle of the Bay Area. About to pay mine off in 2.5 years.

[@anthonynazario3008]

🙏🙏🙏🙏🙏🙏🙏 thank you so much I really appreciated this simple video.

[@MrOMYSTARZ]

When Marko speaks my ears listen! Johnnie P 2021

[@darwinc5465]

Hi Mario great content just so people know some lenders might charge a fee if you want to prepay the mortgage earlier so it’s always good to ask the lender if there’s any fees. And here in California houses are really expensive might have to move to Texas or something lol. Anyway great content Marko keep up good work.

[@roddykalasa8675]

Thank you!

[@bharatingermany8611]

If you'd like to make huge money Investing in cryptocurrency with little capital I will refer you to Faith Sophia heeg. For more guidance.:

[@TheThenewdiabolic]

Just adding my experience. My loan holder had some calculators of their own and by adding $250 a month more knocks off a handful of years. Also, splitting the payment into two payments per month somehow adds an extra payment per year and that knocks off a few more years. We are now projected to pay the house off in about half the time.

[@jayinfluencer]

Great content Marko! People like you, Graham Stephan, Andrej Jikh, Charlie Chang and so many more inspired me to take financial matters serious and start a KZbin channel as well! Keep up the great content!

[@MRkriegs]

Did those guys convince u to lose ur money in FTX?

[@negro0523]

marko love the videos! 36 years old trying to build my wealth step by step!

[@yiselmora9523]

Thank you so much!!

[@chineseslaves1971]

I like that Bankrate calculator and used it to cut off 12 years. As to the argument today of its cheap money why pay it off, my answer is that the interest is still way higher than a savings or CD or money market account. Plus, it’s always good to get a beast off your back.

[@Breeze2637]

Hey Marko. Thanks for your amazing videos. Can you plz make a video about VA loan and details of it for buying home. Keep up a good work 👍🏻

[@Roon3y1]

Great video. I’m not sure if I’m the only one but I would suggest getting a mic cover to help with those sharp S noises. Just a little sound quality thing. Great job.

[@robsantoya]

You need to start a podcast my man!

[@WhiteBoardFinance]

I have one the whiteboard finance show

[@MrHector6711]

Hi Marko, Just bought a home. How do I make those additional payments? Do I just send them more money and they will put it towards the principal?

[@Richard.A.diaz.10x]

Yes! In NJ our taxes are so high lol

[@SAV3DnFORGIVN]

Thx for this..we are actually looking to pay principle n int. Along with mortgage

[@concesi8877]

Plus payment may change each year due to tax increase. Noone told me that when I was a first time buyer.

[@victoraughtiii8839]

You provide valuable information professionally delivered. Further, I understand that you must monetize your site in order to offset your costs. Marko, I'm a loyal viewer who counts on you to fully vet the products you promote. Please assure me that you completely vet and use the products that you promote. Also, please be cautious, prudent about where you insert your "promos," so that they are not intrusive and/or break the flow of your presentation. The information that you present at times requires concentration for an old guy like me. Perhaps you can add a paypal link to help offset costs? Since I like your info and especially the way you present it, I would donate from time to time. I just don't want you to become like the "carnival barkers" I see on other channels promoting their wares or resorting to click bait. By the way, you have a pleasing and great sense of humor. Your biggest fanboy. OOPS! I FOUND your patreon link. I'm now an annual subscriber. Vik

[@WhiteBoardFinance]

There are time stamps in most of my videos, including the advertisements. Thank you for your support!

[@genxx2724]

Vik, consider paying $11 per month for KZbin Premium. No ads. I think it’s well worth it, especially because I don’t have cable.

[@halfsleep3554]

Thanks Marko. Keep dropping those 💎

[@brobi44]

You should discuss bi-weekly vs monthly payments.

[@MrPanthers23]

Agree. Interested in weekly payments, since that's what I do.

[@NiTRiNo69]

Mortgage payments generally are calculated monthly therefore weekly or bi-weekly payments are not mathematicaly beneficial but emotionally for sure they are. Instead of weekly or bi-weekly payments you can pay on big chunk once and that's all.

[@CK-qc8cn]

Bi-weekly payments save you money by making 13 equivalent payments per year vs. 12

[@ariv8585]

Read the fine print, many banks do not apply partial payment until the full amount has been received. If you are paying extra, you should make a principal only payment mid month for faster payoff.

[@ddhrsa]

Thanks!

[@ddhrsa]

jury is still out on if this one was clickbait

[@Mica020202]

Do you recommend buying something for less and doing a 15 year mortgage? Would this save even more?

[@angelcolin51]

Marko can you make a video about the pros and cons of getting a bank loan or a mortgage company? Thanks in advance

[@markcummings6856]

Good stuff, thanks.

[@user-nw5np7hc7d]

Marko is this the same concept as making one extra mortgage payment a year to principal? Is there a calculator for that? Or would you use the same calculator but multiply by 12?

[@mandytoh6471]

Perhaps in the states, there are fixed interest rate for 30 years home loan. Where I am residing, the banks do not offer fixed home loan, the interest rate is fixed for 2 to 3 years and thereafter, the prevailing market interest rates. In this case, how can I repay the mortgage faster? Your videos are great by the way.

[@JoseFernandez-sl2ek]

Which method pays off the mortgage quickest: 1) One extra payment per year (payment being made at the beginning of the mortgage's yearly anniversary). 2) Making 26 payments per year (cutting the monthly mortgage in half and paying half the mortgage on a biweekly)? 3) Contributing 1/12th of the mortgage going toward principal on a monthly basis. Each of these scenarios basically makes one extra monthly payment per year, but the yearly (and cumulative) interest on each is quite different. If you combined choice 1 & 2, then how much time and $$$ would be shaved off a 30-yr loan of $308,800 @ a 6.25% APR?

[@JakeSpradlin2]

I love it! I’m in the process of buying my first home, Bank approved me for 280k house and I’m looking in the 150k range! Don’t want to be house poor

[@leeklinglesmith3427]

They will always approve you for way more house than what you can comfortably afford. Way to go!

[@1x0x]

some people think if the bank will lend it to them that its a good financial decision lol

[@victoraughtiii8839]

i wish you great success. I live in Silicon Valley where the average price for a new home is $1,000,000. It's insane!

[@ardeq]

I don’t need to pay any mortgage but listening to you it’s too relaxing 😅

[@blanti]

Wondering if you would be doing a follow-up video to this. My school of thought is, instead of putting $150/month more down onto your mortgage, instead invest that into a good long-term managed mutual fund that can get you 8 - 9% return. So instead of saving $27,000 on the mortgage, you would instead to have $274,000 in investments in 30 year.

[@WhiteBoardFinance]

This is common knowledge and discussed at the end of the video

[@loganbarnhouse3214]

@Marko wanted to give you an update to the lower south East of ohio housing market. In the same town and same city. We are seeing some houses climb 8% in 30days and on others decline 7% in the same 30 days. This in stability is, in my opinion, a tell tail sign of markets not knowing where to go and possible heading for a reverse.

[@bharatingermany8611]

If you'd like to make huge money Investing in cryptocurrency with little capital I will refer you to Faith Sophia heeg. For more guidance.

[@TheBluehouse156]

Are there any worksheets to compare the savings if I made two payments per month instead of one monthly payment? Thank you.

[@tristanyabut6770]

Hi Marko Im a fan, what do you think about using heloc to pay your mortgage

[@samanthaaaz22]

With the chip shortage that's currently happening, is leasing a car or buying a used car the better option right now? Could you do a video on this with what current prices would be for both? My dad is telling me that it's better for me to lease a car right now since the prices of cars have soared. I need to get a car within 2 months

[@daffertube]

Hey Marko, I sent a message to your clarity FM 😄

[@gbass7328]

Question - if you are going to sell before the mortgage is finished, is there an advantage to paying it off faster other than owing less at the end?

[@df9278]

“Don’t buy more house than you can afford PEACE ✌🏼“ - Big Marko

[@np14832]

Excellent

[@charleshixon1458]

If you pay more of the interest in the first months does that reduce the amount of interest owed in total? Therefore reducing future interest payments in later months and getting to higher principal payments sooner?

[@muhammadzuberi4656]

Worth pointing out that in the U.K if you have a fixed interest rate (e.g 3 yr fixed rate) there is normally an annual limit of how much you can overpay. This tends to be 10% of the overall mortgage balance every calendar year. Once this limit is hit you will incur a charge.

[@sprauder]

Europe sucks. That’s awful

[@MRkriegs]

That sounds fucked

[@loganbarnhouse3214]

how has your fundrise investments done? i havent seen an update in a while and i sign up but havent put money in until they prove they are a legit thing. would like to see your experience

[@rhmagalhaes]

I remember when you said a long time ago, when you first showed this spreadsheet: "YOU NEVER OWN YOUR HOUSE. If you don't pay your property taxes, you lose it ! " 🤣 But yeah, in your example, $150 outright almost pays the 5 years that you didn't pay. This video exemplifies every step we took before buying our current property. Only we took a FHA. 3.5% down. 2.25% rate !!! Almost perfect timing.

[@followtheblues2130]

U.S. Corporations Income Tax Return | A Residential Mortgage kzbin.info/www/bejne/qXnPaayZZ9Cqask

[@glencarterschlag5173]

Hi Marko. I’m just beginning to learn about all of this stock trading. Your strategies just make sense to me. I am currently researching for a professional as you have suggested, but I am also studying all of your videos.

[@zipprichcarolyn7995]

Picking the best stocks requires a lot of factors and daunting for beginners so you’re on the right path. I have been able to net over $200k in profit

[@alessandromtench8879]

Trading with Karen Lynn Olsen turned out to be exactly what I was looking for, highly recommended especially for beginners. Her risk management system is among the best I've come across. Also, her experience and guidance throughout not only keeps me away from lame stocks

[@tradegrace3616]

how is her perfomance though? i mean what's the growth rate of your account on average. i just checked her out and her qualifications seem solid. I am interested in this.

[@quittgabor5412]

How to Pay Off A Mortgage Faster does she take clients from U,S ? does she trade stock?

[@koonjuliani8760]

@@quittgabor5412 Are you Looking for an investment that will get you as much as £330,000 to £454,000 every month.

[@marcenelj]

How can I make sure the extra payments go towards the principal but not the interest? Is it a matter of telling the bank where you want the money to go towards?

[@1lacas]

Marko hvala na motivaciji.

[@trabiezoo]

Marco what about for the people who have PMI the calculator does not calculate the correct monthly payment

[@crockbo]

What are your thoughts on bi-weekly payments ? Would that also that payments off the backend of the loan?

[@luisbarahona3773]

Great info Marko - More informative videos like this in the future please.

[@AC-si1xb]

Great!

[@dylang6657]

Marko, what are your thoughts on a HELOC?

[@lilmamma807]

What website did he use for the amortization table?

[@paulinajordan9047]

Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works

[@jamesmorgan7066]

I totally agree with you, the stock market is the most profitable venture I ever invested in, I reached my goal of $500k yearly trade earnings. Setting realistic goals is an essential part of trading

[@andrewpeter6783]

Your right . Ever since I started investing in stock I've had a very good life

[@beckansmith5224]

Having a stable investment package keeps you financially stable!

[@seanmiller3381]

@@andrewpeter6783 the stock market is a vast platform to invest in. It's very profitable especially when you've got a trusted professional to assist you

[@armalynnica5041]

I'm interested in this stock market but I don't know how to come about it . Any advice ??

[@eatnpooter1634]

Well it was good while it lasted ... You now have sponsors .. congrats you made it. 🤙🏻

[@WhiteBoardFinance]

Gotta pay the bills my friend

[@qrizpol1767]

Hey Marko - I am currently paying extra on my mortgage (2.25% interes) that I know I might be able to payoff in at least 5 years. I am just wondering If I should invest the extra to SP500 instead then once i have enough to cover the remaining mortgage then pay it off? Will that be a faster option to pay it off?

[@MRkriegs]

Nobody can predict the price of the s&p in the future but u can predict all of ur payments and how long u will have to pay off and how much u pay in interest

[@kevinmorgan7289]

Thanks for the info…maybe a stupid question but how would this method impact the home owners equity versus not paying any additional money monthly?

[@MrKijana23]

Equity, simply put is the value of the property minus what you owe on it. So the less you owe on it; meaning you made extra payments, the more equity you have. So, paying additional money monthly means you'll be building equity faster since you'll owe less. Hope that helps.

[@MrKijana23]

Just keep in mind though what Marko says at the end there: making bigger payments means you're tying up your money to your house. A house, while a great savings plan, binds up your money and makes it harder to access.

[@imdoc7872]

I paid off my home March of this year. I’m completely debt free.

[@jeffreythomas4254]

I'm 31 and have a 15 year 1.75% fixed. I want to pay it off faster. But that low of a rate. I'm better to put extra in my 401k and/or enjoy more vacations with it practically being free loaned money. Would you agree Marco?