You can pay off your mortgage fast, in as little as 6 years. Maybe even in 4 years if your mortgage is less than average.
I know because we paid off ours quickly! We paid off our mortgage in our early 30s. And we weren’t living in a super cheap house either.
A median priced home in our area is $135k. Ours was $250k. We’re in a part of the country where $250k buys you a really nice, above average home. I recognize that’s not the case everywhere.
Anyhow, you can pay off your mortgage quickly if you’ll do one simple thing.
Yep, you need to move. 2-3 times in those 6 years to be exact.
You see, the IRS wants to give you a gift. I know it’s hard to believe. If you’ll buy a home, and live in it at least 2 years as your primary residence, you can sell it after 2 years and take up to $500k profit tax free for married couples. Did you hear the key words there? TAX FREE!
Are you kidding?!?!? Nope, it’s true (IRS...