Jen and I have really been struck recently by just how profitable it is to pay off your mortgage early. We've paid somewhere around $18000 off of the principle in addition to our regular payments over the last year or so. We just realized that this has put us 12 years ahead on our payment schedule and saved us around $27000 in interest.
$27000, can you believe it! That's like a 150% immediate return on our investment. Apparently it really pays to put some extra money into the ol' homestead.
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