Living Without A Mortgage

The number one question I am asked in regards to debt-free living is “how did you pay off your mortgage?”. Paying off our mortgage was not done over night nor was it an easy task. We felt led by the Lord that having the financial burden of a mortgage was not inline with God’s word. Once those convictions were laid upon our hearts it became a matter of creating and sticking to a plan. With a lot of prayer and commitment owning your own home and living without a mortgage is something achievable by anyone.

I cannot tell you how liberating it is to know that no one can take away our home. We are not in bondage to a monthly house payment. We do not live in fear of some unforeseen situation that could arise preventing us from having the money to pay our mortgage. I never sat around worrying about these things, but they were always in the back of my mind. The current economy is not exactly conducive to job security and that is what finally prompted us to remain vigilant in paying off our mortgage.

When I was growing up I was taught that having a car payment and a mortgage was an acceptable way to establish good credit . As a young adult it never crossed my mind that we should not have either. In our marriage we never accrued more debt than one vehicle and a mortgage. Once the Lord started revealing to us what His word stated about debt, we knew we had to remove these two loans as well.

We created a plan for eliminating our mortgage by implementing all the techniques I have stated in previous posts. I worked really hard to create a reverse income, to remove disposable products from our home, to improve our health, and tried not to pay for services I could do myself. By implementing these simple techniques we were able to generate additional money to pay off our mortgage.

The key elements we remained committed to during our debt eradication was tomortgage free life always pay God first, our savings second and our other bills last. We have never been short for paying any of our bills and we’ve always had the things we needed. I explained our tithing methods in a previous post which you may find beneficial in regards to how to pay God first.

Our mortgage was well over $100,000 and we paid it off in 7 1/2 years. We look back on it now and know we could have done it quicker if we had just implemented our plan sooner and remained committed. We are currently adhering to a similar plan as we are hoping to pay cash for a farm. We are now wiser in regards to money and can see how wonderful the fruit of our efforts can be, especially when God is leading the way.

We decided we would pay over on our mortgage a minimum of $200 a month. There were times when we had a surplus of funds which allowed us to pay more, and on a few occasions we even made double payments. It is very important to make sure your mortgage does not have any early pay-off penalties.

My husband and I also prayed about a set savings plan. We knew it was important to have a sizable savings for emergencies, and wanted to insure we had the funds should one arise. When we revealed to each other the amount the Lord had laid on each of our hearts we were shocked to find it was the same amount. We instantly knew this was God’s plan for our family! Our savings plan was very strict and stretched us to our dedication limits, but we were devoted to eliminating our mortgage as quickly as possible.

Many will tell you to throw huge sums into paying off your mortgage, we just didn’t feel that was a wise choice to make. I had concerns about emergencies and felt it was more prudent to put our extra money into savings. When our pay-off amount for our mortgage matched our savings account we paid our mortgage in full. What a joyous occasion!

Eliminating debt is really not that difficult. With Christ we can do all things (Philippians 4:13), and that certainly includes finding the strength and determination to be indebted to no man (Romans 13:8). I encourage you to pray about your finances and to evaluate if you are honoring Christ in your spending habits. Are there ways you could reduce your spending to pay off your debt? Living a life without a mortgage begins with Christ and ends with commitment.

With Love,

Jennifer

P.S. Are you living a mortgage free life? I love to read your comments, please share the steps you used to pay off your mortgage.

P.P.S. If you have been blessed by this post please do us a favor and share it with your favorite social media! :)

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10 thoughts on “Living Without A Mortgage

  1. Jennifer

    That is so awesome to hear! Thank you for sharing! I would LOVE to be mortgage free, but I’m not sure we would have an extra 200 a month to pay more. We are also a one income family, my husband is a Pastor and we have 7 children. I will definitively be following along. I LOVE to save money and use my money wisely! I appreciate your post and how inspiring it is! Blessings!

    1. Jennifer Williams Post author

      Thanks for visiting our website! I can relate about trying to find the extra money to pay over on a mortgage, we did without a lot of things that were not necessities to make it happen. I can assure you my husband does not make a lot of money, we just learned how to live on very little. If you look to my sidebar you will find my Facebook button. :)

      With Love,
      Jennifer

  2. Mrs. White

    I am delighted for you! I can imagine how difficult it must have been to keep making those extra payments despite difficult times.

    Thank you for the inspiration!

    Blessings
    Mrs. White
    The Legacy of Home

    1. Jennifer Williams Post author

      Yes, it was difficult, but God honored our efforts and we are so grateful to not have that payment. We can now focus on saving to purchase a larger homestead. :)

      With Love,
      Jennifer

  3. This Woman Writes -- Carolyn Henderson

    Living without a mortgage is liberating indeed, and it is good to know that no one — other than the state if we go arrears in property taxes — can take away our home. We built our home as we could afford it, adding this and that — like a kitchen — as the funds accrued. So many people told us, “I could never do that!” to which I replied, “Yeah, you could, and you can, if you want to badly enough.” But most people couldn’t wrap their minds around not having everything done just right, perfectly, right then and there. Everyone’s path will be different, but just being willing to be different is the crucial first step!

    1. Jennifer Williams Post author

      That is so awesome that y’all built your house as you had the money! We will probably do something similar when we buy our land. I have no problem temporary living in a tent, if I had to, lol. There’s nothing unachievable with God, add a little determination and watch what can happen!

      With Love,
      Jennifer

  4. Pingback: fabulously frugal thursday money edition - A Life in Balance — A Life in Balance

  5. Charlene

    We recenty paid off the last of our debts, we have no mortgage, car payments, or consumer debt. My husband worked hard at a job where he was not able to be home while we paid down a tremendous amount of debt. Now he’s able to take a lesser paying job that allows him to be home every night. I admit that I’m the one who struggles sometimes, I really miss a few of my “luxuries”, but it’s nice to know that no matter what happens, at least we don’t have to worry about having a roof over our heads.

    1. Jennifer Williams Post author

      I rejoice with you in your family’s debt freedom! It is an amazing feeling to know you ‘owe no man’. I too struggle sometimes. I know we could easily take out a loan to buy our ‘farm’, but then I quickly remember how awful it was paying off our mortgage. God knows our hearts, and will always meet our needs. I know it is best to wait on His perfect timing.

      With Love,
      Jennifer

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