How We Paid Off Our House In 3 Years 🏠

By God's grace we paid our house off in just under 3 years. These were the 5 things that we did that helped make it happen.
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DISCLAIMER: Bob Lotich is a financial educator, not a financial/investment advisor. He is sharing his personal experience and opinions; therefore, all strategies, tips, suggestions, and recommendations shared are solely for entertainment purposes. There are financial risks associated with investing, and Bob Lotich’s results are not typical; therefore, do not act or refrain from acting based on any information conveyed in this video, webpage, and/or external hyperlinks. For investment advice please seek the counsel of a financial/investment advisor and conduct your own due diligence.
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[@nicolehill1115]

Paid off the mortgage last year! I was 33 and hubs was 38. We also started giving more, which seems counterintuitive, but it's really not. Follow the lord, and He will provide.

[@SeedTime]

Love, love, love that! Amen!

[@LilSanders09]

That's amazing!

[@erinjarrod812]

How does it work exactly to give more and then get more in return? Will you give detailed examples of how this works from beginning to end? (It doesn't make sense to give away your money when you owe people and are in debt). Thanks. (I'm a Christian and I want to understand this about God.)

[@nicolehill1115]

@@erinjarrod812 the only way I can explain it is--Its a god thing. When you are grateful for what you have and follow what God asks you to do (tithe/give), then he sends blessings your way. I have many examples, but there was one month I gave our church an increase in $, my budget ended up being $35 short. I got a check in the mail from a doc for a copay repayment for almost the exact amount I needed. B4 I got the check, I thought maybe I shouldn't have given more money, but I ended up being reassured God had my back. God also doesn't want you to be a slave to the lender, so being careful with your money and paying down debt is great.

[@TheHumblePenny]

Hi Bob and Linda, We really enjoyed this video and can totally relate to every single point you made. We paid ours off in 7 years. The feeling of not having the debt is HUGE! What I loved the most about what you shared was the important aspect of God's grace. The opportunity to start a business is also something that most people with normal day jobs can absolutely relate to. Even the opportunity to move from working 5 days a week to maybe 2 or 3 days and using that extra time to build something one is passionate about. Stay blessed, guys! :)

[@SeedTime]

Thanks Ken - appreciate you brother!

[@craftswithlizzy7762]

Hi, we are on track to pay off our mortgage this August!! At the end of last year, we felt led by God to take the $1,500 extra we were going to pay on our mort in January, and give it toward our church. We obeyed cheerfully knowing that it's God's wisdom and favor that have gotten us to this place. The following week someone gave us a $1,000 check just because. This was nothing we expected. It turned out, we were still able to somehow put a different $1,500 on our mort. In January. God is so amazing! We previously paid off a house back in 2014. It is the most amazing feeling. We got a slightly bigger house a couple years back. We are so close and I'm so excited! I thank God for His wisdom and favor over our lives. After we pay off our mortgage, our goal is to help pay off the mortgage on our church!

[@SeedTime]

Awesome!!! Love that testimony!!! So good!

[@TheEllaTB]

We are definitely paying off our house early! Our goal is 5 years. We just bought it and have made 2 payments and have already cut 2 yrs from our mortgage! Such a good feeling already! We are not paying "as much as possible" because we want room in our budget for improvements. But we have set our own number of what our monthly payment should be, much higher than what the bank expects. Our goal is to live here for just a few years until our 4 children are a bit older and then get something with a lot more land. Paying it off and adding value to it through updates should give us enough equity so that we can get something nicer for our next one, with minimal debt, if any. And yes! We definitely started with giving too! We were already tithing, but we decided to look for any opportunity to give and help others and throw ourselves into it whole heartedly and it's AMAZING how our lives have been enriched! It's amazing how much we are already reaping and we just got started! God is so faithful!

[@dazlette]

Love this! You r a power couple. I went thru Dave Ramseys FPU twice after my 46 year old husband had 2 major strokes and became totally disabled. 5 kids at home 32k in credit card debt. You are so right- I see it almost 10 years later the wind was on my back after I started doing God's instructions. Debt free and paid off house within 3 years. Who knew that after we paid house off had to move quickly out of state leaving paid off house in a dead housing market. We've been renting out the house to christians from our church for over 5 years while we have relocated. Only God.

[@shanaralewis7088]

Amen! This is truly wonderful. To God be the glory!!. I also pray that God will do the same for my husband and myself to accomplish this goal.

[@SeedTime]

Amen Shanara! Linda and I are sitting on the couch praying for you for that!

[@shanaralewis7088]

@@SeedTime Thank you so much. My husband and I just purchased our first home almost 3month ago and I'm so thankful that God allowed this to happen in our lives. I also would like to start a non-profit organization one day and I ask that you continue to pray that God uses me for His Glory.

[@mariaximenadiaz6709]

I am so encouraged with this video. We just bought a house. We are putting 20% of down payment and my goal is to pay it off in 5 years. We live in Hollywood Florida and we bought the house brand new construction in Mascotte Florida. Me husband works remotely since the pandemic but he will back to an office every other week. He will continue with his job and his company will assign him an office space in the area that we are moving, but I will finish my job in June and I will need to find a job that I can do remotely since I will be the caregiver of my mom. I am very excited of what God will do in our lives so will can bring Glory to his name. You guys are amazing, God bless you always and multiply all the goodness that you share with us.

[@garlandofbooks4494]

Paying off our house in full is our #1 financial goal currently! We got a 30 year mortgage, put 20% down at the start, and every year with raises and bonuses we try to put more and more towards it. Our goal is to have it paid off by year 10, and we’re nearly 8 years in now, but only have nearly 50% of the house paid off. We are still hoping and working to meet our goal! It’s ok if we don’t quite meet it, we’ll still do the best we can do, we’ve already cut the mortgage down to 23 years from 30, so that’s good. We’ve had a lot of discouraging and unexpected setbacks this last year. But, God has taken care of us in this difficult time, so there is really not much to complain of.

[@bedandfan]

Thank you for sharing. My goal is to pay off my mortgage and be debt free.. To God be the Glory!

[@SeedTime]

Go get it!!

[@juliaderi9092]

Congratulations! What a major accomplishment, God bless you guys! Please keep me in your prayers, as I too am working on paying off the mortgage early (I have about 4 years left)... but the more I try to pay off the mortgage, the further my husband goes into credit card debt with unnecessary spending and refuses to get on the same page with me on cutting said unnecessary expenses. Prayers would be appreciated! 🙏

[@SeedTime]

Standing with you Julia!

[@ladypilliwick8179]

im completely out of debt and its a blessing.... the big thing is eat at home.. two eggs over easy and two sausages. add green beans , grits with cheese and oatmeal a person can literally live on less then 20 dollars a month doing this

[@lindaeyster5089]

Since january been paying on the principle. By Gods grace I bought rhis house, was approved! 2007 ppl still shaking their heads! Only the Lord! Don't know how to do this sending in what I can every month. Single. Recently found you two!! Thank you so much! Been following! God bless you!!

[@SeedTime]

Thank you! Glad you found us!

[@christinelyons8402]

Thank you for sharing this. I want my mortgage paid off and our HELOC paid off too. Please pray for me and my husband to agree on tithing and paying off our debt so we can get this done!

[@SeedTime]

Amen, we are standing with you Christine - go get it!

[@paulagayle1031]

Congratulations! I saw your video on Pinterest. Very encouraging! Thank you for sharing. To God be the glory

[@trueinspire4865]

So true. The seed does grow and multiply. God bless you and thank you for giving God the recognition in your success. Thanks for sharing your experience

[@GBUTR]

We want to pay off our house early! I'm teaching the Total Money Makeover as a Sunday School class and I'm benefiting as a student too! We only have our mortgages left and are starting our emergency fund next week. Thanks for sharing your mortgage story!

[@SeedTime]

Awesome!

[@iggman1]

Paying off a mortgage early is not good advice for some people. It is important to save in an investment account at the same time you are paying off loans if the interest you pay is low relative to anticipated returns (instead of waiting to invest until after paying off loans). Example is that for me, it's better to just make the normal mortgage payment and instead of paying extra put that extra money into investment account since the loan interest is 4% and investment returns are expected to be 8%. Long term difference is huge. When I get more conservative with investments, it would make more sense to pay extra towards the mortgage. I'm ok with a mortgage payment because I'm playing the long game.

[@SeedTime]

Hey Michael, did you watch all of the video? I addressed our reasons for that in there

[@joycewatt3292]

michael thal you are also playing the typical game. Debt is debt. Some people look at a mortgage ad good debt kind of like student loans but as long as you are making payments you are paying more and in that sense the math doesn't add up. Instead pay off debt and keep the principal and the interest. To each his own but I'm a fan of the latter. God bless.

[@iggman1]

Joyce Watt don't you see that you can have less money in the future by paying off a low interest loan early instead of investing that extra money? Sure, it feels good to pay off a debt, but it feels even better to see your net worth increase faster and retire earlier.

[@markl6442]

Michael is spot on actually. My mortgage rate is 2.875% and not such a great idea to pay it off so early. The opportunity cost of money invested is far greater given compound interest over time. You know what I think is more of a burden than cheap debt on your home? Not having enough saved up for retirement and most of your net worth tied up in a non liquid asset. You know what doesn’t go away when you pay off your mortgage? Taxes and insurance , which for me is half my payment given my P&I is so low with a low interest rate. My P&I payment is like a car payment. Putting every extra dollar toward mortgage is more risky to me. I’d rather have liquidity all day over not having cheap debt (basically free money).

[@makeupgirl8886]

I am trusting God to pay off my house ASAP. It starts with trusting Him to limit any medical expenses that I paid too much this year, and trusting that He will reveal His ultimate will for my life when I have true financial freedom to do whatever it is He will provide. Hopefully, that includes working only part time in the future someday, and invest more time beyond my career.

[@davefriedrichs9905]

You guys are awesome. Great video too. Ever since I started tithing and giving beyond that, my wife and I have been super blessed. We have one paid off house and another that is within 4 years of getting paid off. To God be the glory.

[@williamwatersiiimba2333]

Hello Linda and Bob, You all are such an amazing couple and inspiration! Linda mentioned the Kingdom principles. Speaking of tithing and sowing and reaping. Our pastor Meeks talked about this in detail this past Sunday. Saying that as you said Bob,it seemingly makes no sense, however God's ways are not our ways! As the Bible says seek ye first God and allllllll other things will be taken care of. As Pastor Meeks said, we have to have things in order or they are out of order. Meaning that God wants to be first in our thoughts when we get up in the morning and first in our giving. Linda that was sooooo special when you looked at Bob and said Hi, and he responded in kind. I felt that touch my heart! It really showed how much you love and respect each other. Sometimes the smallest things like that can convey the most. Saying I care, I love and respect you, I notice you even though we are doing this video, you are the most important thing to me after God our creator! Bill and Cookie

[@SeedTime]

Wow, thanks Bill & Cookie, you made our day - thanks so much for the encouragement and kind words!!! We appreciate it more than you know!

[@quinachiquita]

Love that you are doing these videos as a couple!💜💜💜💜

[@kimberlyrodriguez3709]

Thank you first of all for living out your faith, i was very blessed by this video. Secondly, i have been debating with my spouse to pay off our mortgage, not because he disagrees but because we are in between remodeling debt free or paying off our mortgage. And I have to say your ecample is very beautiful. Please pray for us O.K.R. and i will pray you all continue to bless others with your story

[@rebekahgreaves4103]

Thanks for the great video. 👍 Love that your first 2 points are "this is possible" and it is "by God's Grace" I am single and my goal is to pay off my home in 10 years. My main motivation besides being debt free, is paying less than $50,000 in interest of a 10 year mortgage compared to $150000 in interest over 30 years. And this will be possible by God's Grace for me.

[@leticiac52]

Congratulation! God is Good All the Time.

[@nickybooysen5037]

Thank you, this is very inspiring and it definitely got me thinking about how I can get my mortgage paid off quicker. Please keep me in your prayers.

[@JV-qb5pr]

I'm 5 minutes into this. You have not told me how.

[@SeedTime]

JV, the video isn't designed to tell you how YOU can pay off your mortgage - I don't have that answer, but it does explain how we did it- was there something else that we didn't cover that you wished was there?

[@freddiebardley5369]

I agree with JV , you really never explained exactly how this was accomplished!! Just a lot of laughter and conversation between you two. Maybe you should have talked about how much was paid towards the principal, did you swap to a twice a month payment? Things like that..🤔

[@maggiekarns9578]

I just stumbled upon your videos and really have enjoyed them! We are debt free and should be working on paying off the mortgage but are really struggling with making this a priority. Between saving for braces (kids are 10 and 5), home repairs that are bound to come up, car savings (we don't finance and know our 2007 and 2010 Honda van and car will eventually go), college, etc. how do you also throw huge chunks at the mortgage? We put $140 extra per month into principle but that will only shave off about 7 years. Thanks!

[@SeedTime]

Awesome - love that Maggie!!

[@tay9543]

My plan is to pay off my house in 2 years. 55,00 yearly payment for 2 years. Been there for a bit but never cared to pay it off till now. Wish us luck!!

[@bumstudios8817]

God bless and congratulations!

[@SeedTime]

Thanks Chris!

[@angelariddle9564]

I'm believing that we can pay off our home and HELOC within the next 5 years. Praying for my husband to be bold in stepping out to start a education consultant business and for me to pursue becoming a Ramsey Financial Coach.

[@SeedTime]

Amen!!

[@violetcain2591]

I am really motivated to pay off our house. My husband is not as motivated, but is supportive. He likes to have fun and sometimes sees money as if we have it why not enjoy it. Also, I am familiar with Dave Ramsey’s baby steps. We are half way through fully funding our emergency fund and wondering if you would suggest throwing all money on our mortgage that we save after that point or follow the steps? Please pray for guidance and the blessing of a paid off mortgage.

[@SeedTime]

You can do it!

[@lizziemcdougall2767]

We are focused on paying our mortgage; we want to relieve ourselves of the burden of debt which for us is both financial and psychological. We know many people who have refinanced again and again and are now in a position where they believe that they will never pay off their mortgage. We have prioritized the mortgage and have renewed for the last time. The plan is that in five years we will be completely debt free.

[@glenn4198]

How much was the mortgage?

[@zacd7094]

Do you guys tell people if it’s in the convo?

[@rachaelfields8062]

Hi my name is Rachael and I just brought my first home on my own I’m a single mom with 3 kids and 1 grand baby I would love to pay my house off early so if you can do me a favor and send up a prayer for me so I know I will have God on my side I would appreciate it thank you And congratulations to you both for praying off your home

[@SeedTime]

Amen - we are standing with you Rachael

[@TraceyLee]

I want to pay off my house early!!

[@SCSC-qz7rr]

Yeah, but what are the steps?? You’re talking about how good it feels and save money, but you’re not explaining exactly how

[@SeedTime]

Not following you Sandra - we talked about the 5 or so main things that were how we did it. What specifically would you like to see us address?

[@user-qd1cf7th5m]

What kind of business do you have? Thanks!

[@SeedTime]

Hey V, I have been a full-time blogger, youtuber, etc for the last 10 years

[@user-qd1cf7th5m]

@@SeedTime Awesome! God Bless!!

[@vgb10dst]

We want to pay off our house early. We’re currently working towards paying off our rental property (owe $54k), once we pay that off, we will work towards our primary mortgage

[@pamelamolina5623]

I love this. I’m gonna aim this high. I can hardy hear your wife.

[@SCSC-qz7rr]

What do you do?

[@SeedTime]

As in work? This is it! Blogger/youtuber!

[@jesssandra6069]

I will pay off my house early.

[@SeedTime]

Woo hoo! Get it Jess!

[@lealeaj1096]

Congratulations on paying off your house early! Question: Did paying off your mortgage early effect your credit score at all? I'm curious, because I am almost done and am curious if it will have an impact on my credit score, which is currently pretty great. I plan to buy a car next year, and am curious if I should be it at the end of this year or wait until next year, after I'm completely done with the 🏠. Great video.

[@SeedTime]

Not sure, those scoring companies are engimas with how they score the way they do, so I wouldn't be surprised if it didn't help your score, but now that we are 100% debt free, I don't care at all what my score is. It is meaningless if you don't need to borrow anything. But for what it's worth, years after having no debt, I still have an 800 credit score.

[@Savannah-ed4rv]

Are you a new couple...I thought wife had dark hair?

[@SeedTime]

LOL, nope just the same ol fireball named Linda - be sure to subscribe to see what color her hair is next week ;)

[@tryemc3026]

Come on now, you know that this video is just a click bait ...lol.. spend less what you earn, find a side hussel, start a business!!! I like the last one, its guaranteed to bankrupt you.. lol Clickbait all over, I dont see owning a house such a big deal.. why stress it.. no body owns nothing... if it's not the bank, the city is after your money, it no the city the gov is after your money... get real ..

[@mylifemystory876]

Sorry but I never learn anything from this video

[@iggman1]

God helped you off your house, but Jesus was homeless lol

[@allgood9102]

You've left out the obvious Bad video All can pay off home in 7 years .

[@SeedTime]

so what is the obvious?

[@quinachiquita]

Love that you are doing these videos as a couple!💜💜💜💜💜