Mortgage Like a Bond

Paid Off Mortgage is Equivalent to a…Perpetuity?…Bond?…Dividend Paying Stock?

Gen Y Finance Guy Financial Analysis, Mortgage Snowball 24 Comments

Having a fully paid mortgage sure does get a bad wrap around personal finance circles. I constantly see arguments about money being super cheap and that paying off the mortgage will lead to a loss of the interest tax deduction. I won’t argue that rates are historically cheap and that eliminating your mortgage will lead to eliminating the tax deduction. …

Paying Off Your Mortgage Early vs. Investing The Extra Payments In Stocks

Gen Y Finance Guy Mortgage Snowball 41 Comments

Over the last several months I have written about how I plan to pay off my 30 year mortgage in 7 years and also debunked the whole loss of the tax deduction. In the post about losing out on the tax deduction I presented the math that proved the interest savings over the 7 years was far greater than the loss in the tax …

Murder Your Mortgage in 7 Years Q&A

Gen Y Finance Guy Mortgage Snowball 29 Comments

Last month I published a post that detailed my strategy to pay down a 30 year mortgage that I only recently obtained last year. I will be the first to admit that it goes against the conventional wisdom and there have been two questions that have popped up consistently that I thought I would take some time to answer: Question 1: Why do …

The Mortgage Snowball Strategy To Pay Your Mortgage Off In 5-7 Years

Gen Y Finance Guy Featured, Financial Freedom, Goal Setting, Mortgage Snowball 65 Comments

In a previous post I mentioned that I had recently become debt free outside of the mortgages on my primary residence and investment condo. In that blog post I announced an outrageous goal of paying off the mortgage on my primary residence in 7.5 years. I gave you the cliff notes version of the strategy I devised to accomplish this big, hairy, …