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My wife and I allocate every extra dollar to our mortgage so every month we just add to the monthly payment. It is easy for us and we seem to be making some good progress.

Good easy steps. I think it’s important to only pay off the mortgage with extra money you will never miss.

All is good, but… We are the family with 5 children (ages 1-11) and we built up the house for our family. My husband is attorney, his wage was 2200$ by month, we have to pay for mortgage 1200$. But now his wage is downed to 1600$… We have only 400$, and we must pay for electricity 120$, for water and sewerage – 90$. Our boys are talanted and three eldest attend the music school, and we must pay for the music school 60$ (we hadn`t pay for 3 months…), and we have to pay for telephones, too. We need the fuel, too… In the result we have not any find more money for food… We are eating only potatoes and bread and it takes 180$ by month, therefore we cann`t pay all bills. How we can pay off our mortgage?!…. But from January the wage of my husband will be downed to 1000$… I didn`t say, that we live in Latvia. And we have the another situation with mortgages. Our mortgage is 150 000$, but now all houses costs less. Bank can sell our house for 60 000$, but the rest sum we had to pay to the bank. Therefore we can stay without the house ant with the debt… WHAT TO DO.

It took me 4 years to modify my loan

I can’t imagine how difficult you situation is…But, with God’s grace, there’s always a way out… My family of 8 came from Europe in the 60’s…. Somehow, my parents still purchased a house… One idea is for both of you to work… It’s hard, but it’s has been done… One works during the day, the other at night…

. I’m sure that they don’t want to be stuck with another house.. . Write letters, especially hardship letters.. They must have a program to help homeowners.. See if your husband can work part-time to bring in extra $$$… since he is an attorney… My husband went from Wall Street with a master’s degree in business to being a garbage man….And, we’re in the United States…

Get rid of the cell phones if you have to.. You sound like a smart woman.. Hang in there… God Bless You and your family.. I will be praying for you…

I feel you im a single mom of 5 with about the same income so i would say just add 20 a month at least its something off the principal thats 240 off a year reducing it by 7200 in the 30 year thats about 6 payments

My wife and I are automatically making better than double house payments each month. We made it a goal of ours to get the house paid for before I turn 50. We used to think that we would be better off with a low interest 30 year fixed mortgage, and put as much as possible into retirement savings. Well we decided that we should just put enough into our 401k’s to get the company match until the house is paid off, and then go back to maxing out our retirement savings. This plan will only work as long as we both keep our jobs, and these days living in Michigan, everyday with a job is a blessing. We have recently become distributors for an online greeting card company as a side business. Any profits from this venture will also go right into our plan of paying off the house, and building our retirement savings so that one day we an do the volunteer work that the Lord has called us into full time.