Unlock the Secrets to Saving Money on Your Mortgage! 🏡💰

In the past decade, many of us were fortunate to lock in historically low mortgage rates for our homes. As our home values continue to soar, we find ourselves content with a comfortable 4% rate or better. Personally, my family refinanced to a 20-year loan at a remarkable 2.75% in September 2020, a rate that has solidified our decision to stay put for the long haul.

Mortgage Spreadsheet
- Despite being happy with our current mortgage situation, I am, admittedly, someone who loves spreadsheets. The idea of being mortgage-free someday, especially in retirement, is incredibly appealing to me. Hence, it’s essential for me to keep track of where our mortgage stands today.
- Online mortgage calculators, while abundant, often fall short in providing the necessary insights into existing loans. They are mostly geared towards new loans and are often riddled with ads trying to sell you a mortgage.
- Personally, I’ve been using the same trusted debt and mortgage calculator for over 20 years. I recently created a YouTube video to help others better understand their existing mortgage and how to analyze and track it effectively.
- The beauty of this spreadsheet lies in its ability to tailor it to match your precise payment history and future payments down to the cent. Furthermore, if your goal is to pay off your mortgage early by a specific age or date, the video demonstrates how to utilize the Goal Seek function in Excel to determine the monthly extra payment required to achieve this goal.
Video Content
- Video has become an increasingly popular medium for consuming content in recent times. It offers a dynamic and visual way to explain complex topics without the need for multiple screenshots. Hence, I will be focusing more on creating informative videos that complement my written content and help viewers understand financial concepts better.

In conclusion, keeping track of your mortgage and setting goals to pay it off early can significantly impact your financial well-being in the long run. Whether through spreadsheets or video content, finding ways to better understand and manage your mortgage can put you on the path to financial freedom. If you’re looking to dive deeper into the world of mortgages, check out the suggested articles above for more insightful reads.