How to succeed with money in divorce — paying off your home mortgage in ½ the time

I don’t know about you, but I’m not a fan of paying my mortgage.

Don’t get me wrong, I like my home; I just don’t like paying for it. Well, I’m fine with paying the principal, but not the interest, really.

Unfortunately, if you have a conventional thirty-year loan, a full half of the price you pay for your house is interest. That’s right, you pay just as much in interest as you do in principal. So, a $250,000 home actually costs $500,000 or more by they time you pay it off.

Thankfully, there is a way to pay off your mortgage in approximately ½ the time. And the best part is it doesn’t cost extra money and it’s simple.

Here’s what you do: pay your monthly mortgage payment, then pay next month’s principal payment early.

For example, if your mortgage is $1500 per month, the principal may account for $400 of that payment (the rest is interest, taxes, mortgage insurance, etc.). If this is the case, you would pay $1500 for the monthly payment, then pay $400 for next month’s mortgage.

All you’re doing is paying next month’s principal a few weeks early.

The beauty of this system is the $400 is paid interest free. And, again, you’re not paying more money; you’re just paying part of your mortgage early.

Analyses demonstrate that this method cuts approximately fifteen years off a conventional thirty-year mortgage.

So, if you’re like me and you want to save money and not pay monstrous interest payments on your home, paying next month’s mortgage a few weeks early is a pretty enticing option.

P.S.: Another way you could got about paying off a home in fifteen years is to refinance your current loan to a fifteen-year loan. Interest rates on these loans are lower than on a conventional thirty-year loan, although standard monthly payments are (obviously) a bit higher.

P.P.S.: Hat tip to Tony Robbins and his book Money: Mastering the Game, pages 253-255, for this tip.

P.P.P.S: For more tips on how to succeed with money in divorce, click here, and here.

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Great support, Russell and Connor were amazing and got my case dismissed in only 2 months. Great communication with weekly calls. Easy to work with and were very conscious on not overspending my budget. Great team.

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You get what you pay for, and the Brown Family team is worth every penny. We truly appreciated their team-based approach, making sure that every detail of our case was thoughtfully handled. They were incredibly easy to work with, kept us informed throughout the process, and made sure no question ever went unanswered. By far the best family attorneys I’ve worked with, and the only ones I’ll call if I ever need legal help again.

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Andrew made the whole process smooth and quick! Kept me updated on any changes, and followed up with me constantly!

Made me feel at ease throughout the whole process and made sure I felt seen/ heard!

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David Handy is my attorney and he is excellent. He understands my cases and is well informed to defend my needs and the needs of my kids. He is supportive and compassionate. Telling me how things are and what to expect. He does very well with my high conflict cases (protective order and divorce). I highly recommend him and the Brown Family Law firm. Everyone I have talked to is helpful. Especially Conor Schetzel who is currently the paralegal on my cases.

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Nathaniel Garrabrandt and Brown Family Law is where I send people who are seeking Divorce. Highly professional and compassionate. Thank you!

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Meghann Christensen

I cannot say enough good about my experience with Brown Family Law. Ray Hingson and paralegal Carren did an excellent job with my case. I will definitely use this firm again for any legal issues.

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Michael Bringhurst

Highly recommend Brown Family Law. Life is hard, divorce is harder, and Andrew Christensen is your guy to help you through to the other side.

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When you’re going through a tough time and need legal help, this firm isn’t just a one-person operation. It’s a team of attorneys who work together to support you every step of the way. So you’re not just getting a lawyer, you’re getting a legal team behind you.

Navigating the legal system was a steep learning curve for me, and my situation was fairly complex. What stood out about this law firm was the way multiple attorneys collaborated to address my case. It wasn’t just one person working in isolation, but a team supporting each other to find the best path forward. That kind of collective effort is a real strength, especially in hard out complex situations like mine.

There was one issue I felt should have had a different outcome with the court. When I brought it up, the team responded in a very professional and respectful manner, which I truly appreciated. It came to my understanding that the legal system sometimes works in a way that is distant than I thought. This was presented to me in a way that someone outside of the legal system could understand.

In my experience, this firm takes the time to not only assist you, but also help you understand why things are happening. That made a big difference for me, and it’s something that really sets them apart.

Response from the owner:David, thank you for our conversation and taking the time to leave this review.

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How to succeed with money in divorce — paying off your home mortgage in ½ the time

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