Optimal Finance Daily - Financial Independence and Money Advice 3422: Mortgage Prepayment Made Easy: Own Your Home in Half the Time by JD Roth of Get Rich Slowly
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Jan 14, 2026 Explore the practical and psychological advantages of prepaying your mortgage. JD Roth delves into a flexible strategy that can cut a 30-year term in half, offering both financial peace and freedom. He shares an eye-opening bill breakdown, showing how small principal payments can drastically reduce your debt term. While weighing the benefits and drawbacks, the discussion touches on balancing investments with mortgage prepayment. Ultimately, eliminating your mortgage leads to lower monthly expenses and more financial freedom.
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Choosing A Mortgage-Prepayment Strategy
- J.D. Roth described freeing $1,000 monthly after paying off non-mortgage debt and debating mortgage prepayment versus investing.
- He and his partner chose Charles Givens' method of paying extra principal equal to next month's principal portion to accelerate payoff.
Double Up With Principal-Only Payments
- Do include an extra principal payment equal to the next month's principal portion when you pay your mortgage each month.
- This effectively doubles your payment actions and can cut the mortgage term roughly in half without refinancing.
A Scalable, Reversible Acceleration Plan
- The method scales gradually: extra principal payments start small and grow as principal decreases.
- You can pause anytime, making the plan flexible and psychologically easier to maintain.
