That being said, yeah I’m always working on a plan to refinance or find some other way to speed up the process here, but so far nothing’s come to light all the way except for just paying it off as much as possible every month. Since we invest or save all the rest of the “extra” money we make each year, it doesn’t hurt as bad paying off debt like this. If we weren’t doing any investing of the sort, then our plan here would be different. Know what I’m saying?

All this is subject to change though… I go wherever the flow takes me at any given point in time :)

Everyone I talk to pretty much thinks it’s a good idea to convert it too – it’s just the big hit you get up front that usually persuades people not to :( I’ve thought about it myself, but the benefits don’t outweigh the cons at this given point in time… Maybe consider converting small chunks at a time and see how that feels? There’s really no right or wrong with it in my opinion, just a matter of what you’re comfortable with and what you believe will be best in the future.

Question that I am SURE you have answered in the past. Why throw that much cash at the mortgage each month? Why not hoard it and try to do a cash in refinance down the line?

Oh cool! Thanks for stopping by – I didn’t realize that was out now?

As for refinancing, yes – it’s a constant battle with me right now ;) Long story short, we’re too underwater to refinance unless we pony up $100,000 to get under 80-20% loan-to-value. Which I’m currently scheming a plan for…

You can read about it here:
https://eliteedgemoney.com/2013/01/my-new-refinancing-plan-brilliant-or-stupid/

Great progress in a month. I’m curious though on why your mortgage rate seems so high with today’s rate in the 3’s. Are in the process of doing a refi?