Happy New Year! It's that time of year where people make all kinds of new year resolutions. Two months later those resolutions of working out saving money are gone. I have never been a big fan of resolutions, because I feel like everybody breaks their resolution. Therefore, I never set resolutions, but instead I set goals.
Two Years Into Our Mortgage: How's It Going?
Two summers ago, my wife and I were jumping into home ownership for the first time. We hit the ground running and started to tackle our mortgage. We have always had a goal of paying off the mortgage early and used this mindset to make extra payments on our mortgage.
Last year, we were on fire and paid off a lot of our mortgage. I am going to recap where we stood last August, then we will move into the year 2 mortgage update. By August of 2016, we had made 12 mortgage payments, plus multiple extra principal payments.