I'm in!
Starting Mortgage Debt : € 77.900
Beginning Mortgage Debt This Month: € 74.337,79
Paid Mortgage Debt This Month : € 158,39
Ending Mortgage Debt : € 74.179.40
Purchase price of house: €79.500 (in 2015, when the economy was still recovering from the triple dip)
Current estimated value: €88.950 (massive housing boom and we own an affordable starter home in a childfriendly area)
Right now, we are paying only the regular monthly payments, but my partner and I have decided we'll start to pay extra on our mortgage soon. While we like to invest our money as well, we don't want to put all of our eggs in the same basket. Even though the interest is low, we feel we need the security of owning our home outright (eventually). We have a lower income than most people on this forum and we're from a low-income background, we have seen people lose their homes through accidents of life because they didn't pay off the mortgage while they could. That's what we want to avoid.