How to Pay Off Your Mortgage FAST | 3 Tips to Pay Off Your Mortgage Early

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⚠️Update - Please note in the 1st example on screen is says "less than 23 years", that should actually be"less than 24 years". My apologies for the error.
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💰💰The stock market averages about an 8-10% return overtime, so you have to calculate the ability to make more by investing your extra payments instead of paying your mortgage early.
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[@rafjones]

My husband and I paid off our mortgage in less than 14 years. It's a wonderful feeling to be mortgage free.

[@ShaheedahHill]

Congratulations

[@myrianb8596]

What did y’all do?

[@rafjones]

@@myrianb8596 We bought a house out in the suburbs that was affordable enough that we knew if we needed to we could use only one of our incomes to make the mortgage payment. So that left us with enough money left over from the other person's income to apply extra payments towards the principal every month. So, basically, we turned a 30-year mortgage into a 15-year (or 14 rather because we really had a goal of paying it off quick!)

[@CycoPatPonfe]

Congratulations! There’s No value on the “PEACE OF MIND” ❤🙏👍

[@TheJusticeLiga]

My wife and i are closing at the end of this month. If we add 100 as principal only then we'll pay if off 4 years earlier. Every bit counts.

[@ShaheedahHill]

Yes, it does. Congratualtions on your closing.

[@SeriousSchitt]

What’s ‘closing’ mean? Does it mean to finish paying off or does it mean just buying? Thanks.

[@domahneak5099]

@@SeriousSchitt It’s the process of signing all the documents to say that you’ll own the home after you finish paying it off. And putting down your final deposits on the home .

[@kammyr4082]

​@@SeriousSchitt"closing" the deal basically

[@rayjoseph2086]

Thank God I just bought another home..and thank God I am able to pay 1,000.00 a month on principle every month.. I so thank God..❤

[@ShaheedahHill]

Thanks for watching!

[@six6goddess214]

I paid off my current home in 9 years but the price was 90k.

[@ShaheedahHill]

That is awesome!!! I am sure it is worth way more now!!! Thanks for sharing.

[@autobotdiva9268]

the good REGULAR days of housing. no way i would move from that

[@Hebrew-Nation1]

Mines was 85k. What was ur monthly payments like? And interest rate? How much were you throwing on ur principal

[@FreethemGuyz]

​@@Hebrew-Nation1I'm throw the kitchen sink at mines

[@FreethemGuyz]

​@@autobotdiva9268she better not

[@lisadearing5960]

Our plan was to have our house paid off the same month my husband retired. He ended up retiring 2 years early, so that changed our plan. We are now on track to have it paid off at the end of 2026. Of course we will still have taxes and insurance so we will be saving about $600 a month. Then our next goal is to get our car loan paid off early. I can’t wait!!!

[@magnelpitt398]

Thanks for the tips! My plan is to pay off my mortgage in 7 years instead of 30 years.❤

[@ShaheedahHill]

Wonderful!

[@traybern]

Then WHY didn’t you get a SEVEN YEAR mortgage???

[@magnelpitt398]

@@traybern Sounds great! I will look into it. Thanks!

[@anthonyrotella8791]

@@traybern you cannot exceed a 50% debt to income ratio with most conventional mortgages

[@richhands5269]

My three favorite channels: Shaheedah Hill, Stock Brotha, & Graham Stephan. Make my week complete! 🔥 🔥 🔥

[@ShaheedahHill]

Thanks for watching!

[@cryptonewbie6758]

currently working 2 fulltime jobs in order to payoff my mortgage in 2 years. Wish me a luck 😃

[@ShaheedahHill]

Best of luck!

[@autobotdiva9268]

good luck, dont pass out!

[@naziafatima1966]

Do you know of any full time wfh jobs

[@familylifetoo9541]

Best of Luck. Make time to relax also. 🎉🎉

[@merlinephidd5175]

Good luck

[@Kish-wm8tu]

I’m gonna say paying off the mortgage early is always a win. Imagine owning your house @45? This would allow potential partial retirement. Especially if you’re single.

[@ShaheedahHill]

Thanks for watching

[@hnytamo]

This will be me hopefully 🙏

[@hnytamo]

I’m 39 and owe 100,000

[@ela111961]

It depends. I put additional payments on my principal every bi-weekly paycheck on a 2.88% fixed mortgage. But I put a lot more on my 401k that gives me 13 5%. Plus employer gives us free money if we put minimum 6% of our salary to our 401k. Put your money where it has max benefit. If you have high interest credit card balance than your mortgage interest, put your money there first.

[@laurenm.6320]

No, use your youth for dramatic compounding interest on investments. Pay low interest debt with your later years.

[@ltgemini1599]

You look great, Ms Ma'am! That color is beautiful on you.

[@ShaheedahHill]

Thank you so much

[@jamaicanblackqueen8897]

Haven't bought yet, but this is great to know for the future. BTW that beautiful shirt looks good on you. ❤

[@ShaheedahHill]

Thank you 😍

[@followmeinthekitchen3877]

We bought 6 months ago and now cranking up the hours at work to pay off the mortgage in 5.5 years. We can do it. We have 3 young’s kids and want to be free by 2030

[@ShaheedahHill]

That is awesome!!!

[@missbttrsctch]

VERY useful information - thank you 🙏🏾!!

[@ShaheedahHill]

Thanks for watching!

[@user-mv2tg8hc8c]

So helpful! Thanks!

[@earthangel3945]

Yesss, this what type of time I'm on!

[@sophiavega1777]

Thank Mrs.Hill for educating many your are appreciated ...also the way you explain things are very clear. Not surprise you were were a teacher before 💓

[@ShaheedahHill]

Thanks so much. I really appreciate the feedback. Yes, I didn't know it then, but getting teenagers to understand business helped me a lot.😊

[@michaelhabada3493]

Our mortgage is 852 a month. We have from day one paid 1500 to 2k a month. 6 years left.

[@ShaheedahHill]

@michaelhabada3493 Thanks for watching and sharing

[@Mr.N0b0dy.202]

You make such great content. I watched you a ton before deciding to buy a home. watched you while we were saving for a home. watched you while we were looking at builders and still watching you now. Your content spans all phases and that to me makes your content hold so much value.

[@obaaAkos02]

Absolutely. Mrs. Hill is the real deal. I have been a homeowner for years and not in the market to purchase a home. However, I watch her religiously. She has so much knowledge and wisdom when it comes to homeownership. She's definitely doing the Lord's work in our community ❤.

[@ShaheedahHill]

Thank you so much. I appreciate really appreciate it!

[@ShaheedahHill]

Thank you as always and I appreciate the continued support.

[@ericjuli6576]

Just closed on our home in June. Made an excel sheet using PMT function to lay out an amortization schedule and set it up to show the affects of extra principle payments. Gamified paying it down; as it’s exciting to see both how many months we’ve shaved off and how much interest savings over the life of the loan

[@MotherOfCivilization317]

PMT function? Got it, thanks!

[@ericjuli6576]

@@MotherOfCivilization317 yep, combined with round to get even dollars. =ROUND(-PMT(…),). And don’t forget to divide your mortgage rate by 12 or you’ll have a very expensive payment :)

[@ericjuli6576]

Also note, this figures up your principal and interest payment only and does not include escrow items like taxes and insurance

[@ShaheedahHill]

Ok Excel Pro...thanks for sharing!

[@leri3365]

Can you share it for us?

[@MyViewsss]

Mrs. Shaheedah, very good information. Thank you

[@ShaheedahHill]

Thanks for watching!

[@sipusisiwenilli3851]

First time watching your video like it 😊! This is awesome and thank you ! Simple strategy , well explained !

[@ShaheedahHill]

Thanks so much!

[@terranceali9787]

First person to give real realistic numbers Thank you so much

[@ShaheedahHill]

Welcome 😊

[@jasmajefferson3903]

New subscriber 🥰 I just closed on my first home last month & I plan on paying it off early.. thank you for this info! ❤

[@ShaheedahHill]

Welcome to the channel!

[@shonthedivinediva8462]

Thank you for the calculators!

[@derrickwideman2418]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *85O Credit Restorati0n* . I thank God for this wisdom. Bless you.

[@sonalipooja1542]

This may be a stupid thing but im young and new to building credit. Recently my credit score just dropped from 750 to 619 but i am able to use *85O credit restorati0n* websites to get to an 800 I was stuck at 750 for a while and I’ve been trying to get to 800. I know in this video you think these methods work for ppl with below 400 but i wanted to make sure someone with over 200 could use these websites.

[@ShaheedahHill]

You are so welcome!

[@kalawymbs2393]

Thank you for all the information that you give us. You are truly a blessing. God bless you!

[@ShaheedahHill]

Thanks for watching!

[@bjos6596]

Thanks for breaking this down, I’m determined to pay off this mortgage earlier

[@ShaheedahHill]

Thanks for watching!

[@lisagarnier8059]

Very Helpful Information. Thank You.

[@ShaheedahHill]

Glad it was helpful!

[@Ahavagoldman]

Thank you 🙏🙌

[@ShaheedahHill]

You're welcome 😊

[@sarahcleghorn9990]

I closed on my first tiny home, in the summer of 2023. I listened to your talk show. I got some good information. I'm Ready to learn more

[@ShaheedahHill]

Awesome, Congrats!!!

[@magnelpitt398]

This video is so good that I had to listen to it about 6 times. Best video!! Thanks ❤

[@ShaheedahHill]

Thank you! I appreciate that.

[@aaronc4724]

Thank you for explaining the extra payment in detail

[@ShaheedahHill]

@aaronc4724 Thank you for watching

[@Myresha100]

Thank you, saving this video ! If all goes well home ownership here I come and I'm using 1 of these principles.

[@ShaheedahHill]

Thanks for watching!

[@lanelljohnson5767]

You are so smart. Thank you for providing good quality content.

[@ShaheedahHill]

So nice of you, thanks for watching.

[@gogobergie2000]

Thanks for your video. It helps a lot.

[@ShaheedahHill]

You're welcome!

[@s.p.5213]

I intend on refinancing my home in about 4 yrs when rates drop and my income increases by 4K/ month, back to where it was several yrs ago. Take that re-fi money + roughly $150K cash and buy my Forever Home cash in Maryland. That is called being retired, b/c I'll have no real expenses each month. Groceries + utilities + gas + home & car insurance + misc will never total more than 2500/ month, which will be easily income coming from the 2-unit rental home + whatever other income stream(s)I have goin on.

[@uterpia]

Thank you.

[@ShaheedahHill]

Thanks for watching!

[@malawilake40]

I said the same,put extra in your retirement accounts,like your 401k,Roth IRA,or Brokage accounts...if or when the interest rates get low refinance your mortgage

[@auntymelsreadingclub4578]

Thank you for this information.

[@ShaheedahHill]

@auntymelsreadingclub4578 Thank you for watching

[@PushRadio]

Very helpful!

[@ShaheedahHill]

Glad it was helpful!

[@catt3911]

That investment part. That’s what everyone forgets. New subscriber just off that fact!

[@ShaheedahHill]

@catt3911 Thank you for watching

[@nuffchat_jackiem]

I like your tips, thank you.

[@ShaheedahHill]

Thank you

[@inthevault9603]

I know this is totally off topic but your lipstick and blouse combo are fire. 🔥 😊 Ty for the advice on trying to pay off my current mortgage early.

[@ShaheedahHill]

Oh thank you! @inthevault9603 Thank you for watching

[@becomingellis9303]

This was super insightful Shaheedah!

[@ShaheedahHill]

@becomingellis9303 Thank you for watching

[@everythingelle6450]

Omg I love this! I just bought a home and have been trying to figure out how to pay it off early!! Thank you 🙏🏽

[@ShaheedahHill]

Glad it was helpful!

[@autobotdiva9268]

every extra dollar towards principle. it sucks but its worth it once you see that balance drop in 60 days

[@michelleharris6260]

Thank you so much for this. I’m closing on 3/22 with Naca and I’m planning ahead so that I can pay my mortgage off sooner. ❤

[@ShaheedahHill]

Congratulations!!!

[@jpl57210]

So realistically most can’t swing a double on a400k home or they would just buy a700k home and then try to follow this advice. Best advice is to get a 15 year mortgage.

[@ShaheedahHill]

Often wages increase over time and what you can do at time of purchase will be different than what you can do later in ownership. @jpl57210 Thanks for watching and sharing

[@ashleyb6258]

Exactly

[@tarikviaer-mcclymont5762]

Great vid

[@ShaheedahHill]

Thanks for watching

[@cristinapurdea8505]

Currently in progress paying off my mortgage 30 years. After 5 years at the renewal we’ve had left 11 years. It we manage to keep up with the plan we should be done in less than 3 years. In total it would be 8.5 years to pay it off.

[@ShaheedahHill]

@cristinapurdea8505 Thanks for watching and sharing

[@lorettacox7990]

Absolutely Awesome 👏🏾

[@ShaheedahHill]

Thank you so much!

[@meekyw.4010]

Thanks Shaheedah!

[@ShaheedahHill]

Thanks for watching!

[@nathanc3374]

Thank you so much!!!

[@ShaheedahHill]

You're welcome!

[@dionarcher8968]

Mrs. hill, GREAT VIDEO...THANK YOU SO VERY MUCH for taking the time to create this wonderful tool. It hits different when there is an intelligent, Black Woman illustrating what can be done to improve net worth of others. My Wife and I just watched your video 5 minutes ago and created a plan to pay off our mortgage using your 1st strategy. Thank you...We are subs now..

[@ShaheedahHill]

Welcome to the channel! Thank you for watching.

[@user-zg4hn7tq8u]

Great presentation, and balanced lesson. Pro and con.

[@ShaheedahHill]

Thanks for watching

[@rangerbat9295]

Great info

[@ShaheedahHill]

@rangerbat9295 Thank you for watching

[@hermelyndapickleball]

Thank you!

[@ShaheedahHill]

You're welcome!

[@TomNook]

I’m planning to take on a second job, part-time, where the income from this goes to paying off the mortgage.

[@autobotdiva9268]

i divided my mortgage payment in half and pay that extra to the principle every paydate. its exhausting but ill be done in 24 months.

[@ShaheedahHill]

Thanks for watching!

[@aaronc4724]

Great video

[@ShaheedahHill]

@aaronc4724 Thank you for watching

[@djchancla2451]

Good sound advice

[@ShaheedahHill]

Glad it was helpful!

[@jdure551ify]

Thank you ❤

[@ShaheedahHill]

You're welcome 😊

[@cee3458]

Good stuff

[@ShaheedahHill]

Appreciate it

[@dandelion1598]

Live below your means. & a paid off home allow you to invest. I've lived in same home for 30years and own both homes on the sides of me. I'm debt free for 20yrs.

[@ShaheedahHill]

@dandelion1598 Thank you for watching

[@daralynx2]

Outstanding! Yep, keep your eyes open. I acquired several extra houses over the years just paying attention and living well below our means.

[@PKerusso]

Forget the interest rate vs investment. Pay off your mortgage early as you can. 100 percent of foreclosures had a mortgage on them….

[@ShaheedahHill]

Thanks for watching!

[@ivana.dejesusm.5168]

Hi do you need assistance?

[@ivana.dejesusm.5168]

I would say I don’t know how I find you on KZbin, but I know better. My husband and I have been in prayer so that we get our credit scores up and our credit record in great shape so that we can purchase our forever home. It was no one but God that led me to *Web backdoors🕳️org* . I thank God for this wisdom. Bless you.

[@ivana.dejesusm.5168]

You can also need to look their name up to see their website

[@halfunkbass2966]

This debate was silly for me because when you pay off your house, no more drama. I added 20 years to my life expectancy vs investing in a volital economy. Let another pandemic hit, and I will be kicking back in a paid off house again.

[@ShaheedahHill]

@halfunkbass2966 Thank you for watching

[@onetrueheart]

I wished I’d found you 10 years ago! This will be year 10 in our home in Aug. would love to pay it off in 16 years

[@ShaheedahHill]

@onetrueheart Thank you for watching

[@jamesclaytonaloe7062]

Thanks 🙏🏽 God bless you

[@ShaheedahHill]

You are so welcome

[@malikadavis6791]

I love your channel! Today makes 2 years since I moved into my first home and I followed everything you said to purchase the home so now I’ll follow you to pay it off as well!!!

[@ShaheedahHill]

Awesome, congrats on your 2 year anniversary. I hope you are enjoying your home and your interest rate☺️

[@malikadavis6791]

Yes ma’am! Can’t beat 2.625% and I’m so glad I bought when I did instead of being afraid. All because of you 😘

[@buyitbuilditfixit]

This was very informative. Thanks for sharing!

[@ShaheedahHill]

Glad it was helpful!

[@Okyouright]

That color looks great on you

[@ShaheedahHill]

Thank you so much!

[@ethelvinagutierrez2741]

New subscriber ❤

[@ShaheedahHill]

@ethelvinagutierrez2741 Thank you for watching and welcome to the channel.

[@feleciasmith6246]

Thanks for sharing I am so happy I found this video because we owe $9853 on I mortgage and we were gonna take our Christmas club and pay $5000 to what the principal so I know that this was a good decision thanks for sharing

[@ShaheedahHill]

Thanks for watching!

[@LeonWolves]

The plan is 6 years to pay off 330k. Very doable with my income and my husband working part time, I’m excited every time I make additional payments

[@ShaheedahHill]

@LeonWolves Thank you for watching

[@em4634]

Thank you so much for this video, Shaheeda! If you pay extra towards your principal, does the bank charge you a fee?

[@ShaheedahHill]

Typically no, but check with your mortgage servicer to be sure. Thanks for watching.

[@em4634]

@@ShaheedahHill Thank you for all the valuable information!!

[@juxjay7108]

You're the best my sister

[@ShaheedahHill]

Thanks for watching!

[@brandonbarclow3135]

Should you pay off your mortgage early. YES!!!! The idea that you can make more money by investing that extra payment is not new. Financial advisors will tell you that investing is better rather than sending the extra payment. I wonder why. But it's just math. It's not reality. Most people will never invest that extra payment. My mortgage was paid off in 8 years, and it feels fantastic!!!! I used the velocity banking strategy.

[@MFFL674]

my investments are automatically withdrawn. every week to index funds and monthly to 401k. i still hedge my bet and make the extra mortgage payment each year. i guess i'll just have to wait and see if those investments can beat my mortgage rate in the next decade.

[@brandonbarclow3135]

@@MFFL674I'm sure it will pay off for you. If done right, you should get a better rate than the mortgage. Based on the math, I'll take investing over paying off a mortgage. But there's something about the peace of mind. The grass just feels a little better under my feet knowing that it's mine (aside from the taxes and insurance that I have to pay each year).

[@tvted6160]

Where I live, I only wish I could buy a house or apartment for $400k. 😢

[@iljc4life316]

Although paying off your mortgage is a financially smart way to becoming debt free, please be aware that even if you pay off your mortgage, the federal government still own your home and the land it sits on. Defaulting on paying your real estate taxes will give the government the right to seize your home. In essence, although you may hold the deed to your home, it is never yours 100%. It will behoove you to pay your taxes faithfully when it’s due.

[@BeautifulEarthJa]

Is it that it's not yours? Or that ownership comes with responsibilities?

[@1-blackcakequeen778]

Hi Ms Hill could you recommend some good savings and investment options for a first timer? Thanks

[@ShaheedahHill]

On Sunday, I am coming out with a "Wealth Weekends" video that goes over 12 things you need to establish weath for the long term. I would recommend a high yield savings account for your 3-6 months of expenses - now thats about 4-5% interest you can earn, then you should max out a 401K or 403B to the match if there is one at your job and then open a Roth IRA. On Sundays I will begin to talk about more personal finance topics. Thanka for asking.

[@user-pu3em1yu6z]

I have a ten year loan With a low interest rate, I purchase my house when the house and market had crashed. So I got it very cheap. A family home I only owe thirty three thousand on my house, so i'm extra towards my principal every week😊😊😊😊😊😊😊😊😊

[@ShaheedahHill]

Very nice!

[@sheneathahollowell2750]

That’s a good point. I’m in a 15yr at 3%

[@ShaheedahHill]

@sheneathahollowell2750 Thank you for watching

[@greggsadler4387]

Make sure your bank/finance institution “allows” it. Some times there are fees to change terms.

[@ShaheedahHill]

Thanks for watching!

[@teepeace7062]

Thank you for this information. What if you apply money throughout the year towards the principal of your mortgage loan but it doesn't add up to the full amount of an extra mortgage payment? For example mortgage payment $1900.00 per month & one could only afford $1500.00 towards the principle. Is it still worth it? Or not? Thank you.

[@ShaheedahHill]

Yes, it is still worth it. If you do lump some payments you can still pay it off earlier. The calculator will calculate lump sum payments as well. Thank you for watching.

[@Braveheart_DST1913]

Thank you, so much for this video. I just purchased my home August 2023 and I am going to pay it off in 8yrs

[@ShaheedahHill]

Awesome, Thanks for watching!

[@harvestcreativedesign9034]

I love your videos sis. I will advice you make the purchase amount or home amount example smaller (like 150K - 225K). A lot of people that look like you are not making even 75K a year. And lot of people don't do the math, because the lender will not tell you that you can't afford this home. People home principle and interest is 50% of their take home pay and that is house poor. Encourage smaller home purchase first for first time home buyer and later they can get bigger home with the liquids cash. I know home are expensive these day, but about 30 states you can get a home for 200K.

[@ShaheedahHill]

@harvestcreativedesign9034 Thanks for watching and sharing

[@iiixlovexyuhh]

I actually appreciated she used that price because I live in FL and the home I’m planning on getting is more expensive than that. She has always advocated for buying a home within budget regardless of what the lender says. It’s important to focus on the principle she’s teaching, this is math and wisdom. Regardless of home price it can be applied to anyone.

[@harvestcreativedesign9034]

For sure. My only concern is that America is a big country with 50 states each with its own constitution and government. I'm recommending she make the prices for the higher living conditions state and lower. At least someone in North/South Dakota, Indiana, Ohio, Pennsylvania, etc. can say I have a chance of owning a home. Even big networks do the same by making their example with states like California, New York, etc. You need at least 100k to own a home in those states and how many black families and moms making 100K annually? @@iiixlovexyuhh

[@cowboypatriot6052]

Should I sell first or buy first? I would need a large heated storage and an air b&b if I sell first while I look for a house. This in-between would cost me thousands. If i buy first I would be stuck with two homes to pay for untill I could sell my current home.

[@ShaheedahHill]

You should look for another property, try to put a contingent offer on it, meaning contingent on selling your home. Depending on your market that can work, it works even better if you are buying new construction. You also could sell your house and ask your buyer for a lease back until you close on your home. Start looking for agents and they can walk you through the process, so you can avoid the AirBNB 😊

[@forte7991]

Of course it makes good financial sense

[@ShaheedahHill]

@forte7991 Thank you for watching

[@sheilalaibhen3421]

Couldn't you make a large lump sum principal payment one or two times a year? Is that like a thing that can be done?

[@ShaheedahHill]

Yes, you can can and there is an option to calculate that as well using the amortization calvulator. Thanks for watching.

[@charletfoster8917]

This video is the Best strategy on how to pay off a mortgage early on KZbin🙏🏿😊🙏🏿😊🙏🏿😊

[@ShaheedahHill]

@charletfoster8917 Thank you for watching

[@baycchief3785]

If you are already locked in for a 30 years fixed mortgage can you still do this by paying extra each month into your principle based on what you have available as cash each month i.e. $100. $200, or sometimes even $500 for the month? Or this has to be setup initially with your lender? Thank you.

[@ShaheedahHill]

You can pay toward your principle at anytime. You just have to make sure it is applied correctly, instead of just applied to future payments. On your mortgage servicers website they should have how you need to do it. @baycchief3785 Thank you for watching

[@Syamdon]

I have Mortgage at interest rate of 2.625 percent, still I am choosing first option , I need to pay 2800 per month, just throwing 300 a month extra for principal, this is my own version of your first choice

[@ShaheedahHill]

@Syamdon Thanks for watching and sharing

[@manishthukral71]

Where is link to the calculator you have mentioned in this video. Please advise

[@ShaheedahHill]

🔵Bankrate Amortization Table: www.bankrate.com/mortgages/amortization-calculator/

[@sharonkeller8367]

I was told years ago if I made one extra payment a year to the principal that I would essentially save the same amount of time as you mentioned on paying the $210 a month which equals the one payment a year. Is that correct? The reason I ask is because for those with children many receive a tax refund and it would probably be easier to pay the one extra payment of $2528 to the principal rather than the $210 a month. This might work better for those with lower mortgages.

[@ShaheedahHill]

Yes, making an extra payment each year is basically equivalent to splitting it up over 12 months. I also recommend if you are getting a large refund to reduce your withholding to get that money in your paycheck each month instead of waiting for your refund. @sharonkeller8367 Thank you for watching

[@AnnieFNYC]

Thank you for this. I want to get it done in 8. Might take 10. My taxes are 10k on a tiny house. (NY)

[@ShaheedahHill]

You can do it!

[@AnnieFNYC]

Thank you ❤

[@leleg3046]

On a tiny home taxes ripp off, wow

[@rosiepugliese2818]

did a 20 yr loan in 2020 ... and am paying an extra 160 a month and will have the house paid off in 13 more years

[@ShaheedahHill]

Congrats! Thanks for sharing.

[@latricemochacappuccino3743]

I pay an extra 100. Per month on a 2200 mortgage since I brought the house 2022. I felt that I wanted get ahead of the game

[@ShaheedahHill]

Awesome, just make sure it is going toward your principal. Thanks for watching.

[@user-pe1jl5zt3h]

how can i calculate starting adding extra payments now although loan started in 2020. the calculator doesnt let me specify dates

[@ShaheedahHill]

www.bankrate.com/mortgages/mortgage-loan-payoff-calculator/ Use this and put your years remaining on a 30 year loan 27, since you bought in 2020.

[@CopperColouredQueen]

2nd time watching, before i bought my home and now thst ive made my first morgage payment yesterday. Thank you. Im shooting for 8 years😊

[@ShaheedahHill]

Thanks for watching!

[@bamamobs4281]

I agree but a few point: Can’t eat a mortgage If you need equity access still have to get a HELOC with a current interest-rate of 13% National emergency you’re not accessing that equity Otherwise, advice is sound.

[@ShaheedahHill]

@bamamobs4281 Thanks for watching and sharing

[@angied7857]

Velocity banking and chunking the principal is the best way.

[@ShaheedahHill]

@angied7857 Thank you for watching

[@ShaheedahHill]

@angied7857 Thank you for watching

[@turboredcart]

Is there a better day of the month to pay on mortgage? My payment is due on the 1st. Late fee occurs on the 15th. For each year, I have nailed an extra month off. In my case a 30 year, I am 28 months that are deleted.

[@ShaheedahHill]

It really doesn't make much of a difference but the faster it is paid down the less interest is accrued on the loan balance.