Accelerated Mortgage Payoff Diary Entry 1 December 2011

Well, we refinanced the mortgage on the home in Michigan with the same bank Bank of America. Took it down from a 30-year 7.5% mortgage to a 15-year 4.25% mortgage. The not is approximately $100 more but we are paying it off in half the time. We will be using the Accelerated Mortgage Payoff principle to pay it off quickly. I am estimating 4 to 5 years. We’ll see. Stay tuned for the journey and see if this really works. You can learn all about the Accelerated Mortgage Payoff HERE!