A mom of 3 explains how she and her husband paid off their 30-year mortgage in just 2 years
Summary List Placement Kim Anderson and her husband bought their first home in 2009, just north of Atlanta in a suburb called Canton, Georgia. "We bought our first home for around $120,000 as a short sale. When we decided to pay it off, we had about $93,000 we still owed," the mom of three and now full-time blogger at Thrifty Little Mom told Insider. Eventually, they were able to pay off the full $93,000 mortgage balance in two years, using two strategies to help along the way. !function () {function e() {var s = "myFinance-widget-ad-script";if (!document.getElementById(s)) {var e = document.createElement("script"), n = document.getElementById("myFinance-widget-script"), a = t "widget|myFinance.js";e.id = s, e.type = "text|javascript", e.async = !0, e.src = a, n.parentNode.insertBefore(e, n);}var c = "myFinance-widget-css";if (!document.getElementById(c)) {var d = document.getElementsByTagName("head")[0], i = document.createElement("link");i.id = c, i.rel = "stylesheet", i.type = "text|css", i.href = t "widget|myFinance.css", i.media = "all", d.appendChild(i)}}var t = "https:||static.myfinance.com|";document.attachEvent ? document.attachEvent("onreadystatechange", function () {"complete" === document.readyState e()}) : document.addEventListener("DOMContentLoaded", e, !1)}(); They kept a close eye on their mortgage's amortization table A mortgage's amortization table shows the full amount of interest and principle for each payment.
A mom of 3 explains how she and her husband paid off their 30-year mortgage in just 2 years
Summary List Placement Kim Anderson and her husband bought their first home in 2009, just north of Atlanta in a suburb called Canton, Georgia. "We bought our first home for around $120,000 as a short sale. When we decided to pay it off, we had about $93,000 we still owed," the mom of three and now full-time blogger at Thrifty Little Mom told Insider. Eventually, they were able to pay off the full $93,000 mortgage balance in two years, using two strategies to help along the way. !function () {function e() {var s = "myFinance-widget-ad-script";if (!document.getElementById(s)) {var e = document.createElement("script"), n = document.getElementById("myFinance-widget-script"), a = t "widget|myFinance.js";e.id = s, e.type = "text|javascript", e.async = !0, e.src = a, n.parentNode.insertBefore(e, n);}var c = "myFinance-widget-css";if (!document.getElementById(c)) {var d = document.getElementsByTagName("head")[0], i = document.createElement("link");i.id = c, i.rel = "stylesheet", i.type = "text|css", i.href = t "widget|myFinance.css", i.media = "all", d.appendChild(i)}}var t = "https:||static.myfinance.com|";document.attachEvent ? document.attachEvent("onreadystatechange", function () {"complete" === document.readyState e()}) : document.addEventListener("DOMContentLoaded", e, !1)}(); They kept a close eye on their mortgage's amortization table A mortgage's amortization table shows the full amount of interest and principle for each payment.