End of 2015 update:
Starting mortgage = $435,000, 5 year term @ 3.26% (starting Sept. 30, 2013)
Goal = Full Mortgage Payoff by end of 5 year term (Sept. 30, 2018)
- Mortgage amount as of December 25, 2014: $380,819
- Mortgage amount as of April 2, 2015: $359,144
- Mortgage amount as of July 9, 2015: $324,055
- Mortgage amount as of December 31, 2015: $285,708
We are making some serious progress all while continuing to invest for retirement. We are also considering a change in 2016 but it will depend on the housing market. We are looking at downsizing yet again, but this time to a condo in order to pay off the mortgage quicker. Very dependant on how much we can get for our house though - exciting times ahead!