We reduced our mortgage by €98.212 in 41 months!

It’s amazing! We have lowered our mortgage by about €100.000 in just 3,5 years. How did we do this? What’s our secret? Here is an analysis how we reduced our mortgage by €98.212 in 41 months!

The Secret

We spent less than we made and put the rest in our mortgage. Well, that’s not entirely true, we prioritised the investments and added some into the mortgage too.

We reduced our mortgage by €98.212 in 41 months!

Oh, you expected more? Sorry…. well not really.

Look at me, look at me!

As posted earlier, I hate the “look at me, look at me” attitude in some click-bait blog posts you find online, and even in the personal finance community.

  1. It’s not impressive to lower your mortgage debt! If you have not noticed, it actually goes automatically every month (or bi-weekly). Who knew?!
  2. When you have a €100.000 or more annuity mortgage, you will end up paying off €100.000 (or more) on your mortgage. Whoop, whoop!
  3. If you earn a lot of money, and you are smart with what you do with it, it’s not impressive to drop ton’s of money into your mortgage. It simply isn’t. It’s NORMAL!
  4. Paying off your mortgage faster may not even be a smart thing to do. If the interest is only 2% or so, it’s likely far better (financially) to add money into your investment accounts.

My Hero’s

The only time you can officially boost about lowering your mortgage way before it’s maturity date is if you:

  • Have a tiny to average income;
  • Work 3 (or more) side jobs or hustles;
  • Scrip and save every penny you can;
  • Send two (or more) kids to school;
  • Have not been on a holiday in 10 years;
  • Eat beans and rice 5 times per week;
  • Have not bought new cloths in the last 5 years;
  • Do not own a cell phone; and,
  • You are still happy with your life.

Well, guess you get my drift. If you work hard, make a few “sacrifices”, are frugal, do the occasional deprivation and still manage to pay of that mortgage way ahead of it’s schedule completion. You’re a hero in my book! We actually know a few, but they are a rare breed.

We reduced our mortgage by €98.212 in 41 months! Boy of boy are we great…..

No magic bullet

I know, life sucks and mortgage debt does not disappear magically. Now go and do something useful today instead of clicking on these type of posts as if you suddenly going to find a magic bullet or secret debt repayment plan. You’re not going to find one!

Work hard, be smart and get rich(er). Now bugger off!


  1. Nevertheless, I still find it impressive that you have been able to get into a situation that you could actually do that!

    I doubt that I will be able to post such numbers after 3.5 years 😉

  2. Catching up on some reading.

    I also wholeheartedly agree with this, adding one caveat.

    Thanks to the way Dutch mortgage interest rates get lower as LVR decreases, IF you’re nearing a lower tier, it can be worth it to advance pay and kick the entire mortgage down to a lower interest rate level.

    I remember doing this and rationalising that I could get the effect of 8% ROI for extra repayment “investment”.

    I haven’t done it since though because current interest rates have become so low that the ROI isn’t as good and potential ROI elsewhere has been pretty well incredible.

    FWIW I managed to get an IO mortgage again last year and will do so again in the future if I have the chance.

    1. I’ve taken advantage of LTV option to reduce my interest a few times already and right now I’m in the lowest interest bracket. (with what I’ve paid extra and appreciation my LTV is <50% right now)

      (I've paid off about 70K in 44 months)

  3. oh, well, i loved your rant. i see too much of these posts lately and feel not taken seriously by the posters. and i also think these postscan have a bad influence on people (by either making it seem special and therefore not achievable or making them buy (!) products …)
    Ah. thnx for the rant-space 🙂

  4. This is a bit of a cynical rant… If a person earns money with ads, click bait might just be the thing they want. They don’t care about your feelings.
    Of course you are right about that there is no silver bullet, and the context (ex. single parent of 3 vs. DINK) is just as important as the numbers. That’s also what Mustachian Post says about the BSRI.

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