My wife and I began thinking about the possibility of paying off our mortgage in 5 years after we heard of other people doing it. I know in my immediate family, no one managed to pay off their mortgage when they were young , but did that mean we couldn’t do it? Was Paying Off Our Mortgage Actually Possible? When we first started thinking about it, we had a traditional 30-year mortgage, and the monthly mortgage payment was reasonable. We really had no trouble making the mortgage payment, but we certainly didn’t have a ton of extra money lying around. I was big into finance years ago, and I read about how much money you could save if you were to refinance your mortgage to a 15 year fixed rate. That would mean our mortgage would go up to possibly more than we would like to pay, but much more money would be going to principal rather than interest. Well, about five years ago we did just that. We refinanced to a 15-year fixed-rate mortgage and decided we would do everything in our...