A Michigan couple paid off their 200,000 mortgage in less than 4 years on a combined salary of 150,000. Here's how they did it and their tips for anyone trying to do the same.
Get the Full StoryCourtesy of Andy HillAndy and Nicole Hill, a couple from Michigan with two children, paid off their 195,000 mortgage in just under four years with an annual household income of around 150,000.
The couple bought a four-bedroom home for 350,000 in 2013.
They made their first mortgage payment in January of 2014 and their last payment in November of 2017.
Business Insider caught up with Andy to find out how they did it, and his advice to others who are trying to do the same.
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In 2013, Andy Hill and his wife Nicole decided to move from their small bungalow to a 2,600-square-foot ranch-style home in the metro Detroit area. With one child under two years old and another on the way, it was time for the couple to buy a nicer, newer home for their growing family.
The couple bought the 350,000, four-bedroom house by putting down 155,000 and taking out a 195,000 mortgage. At the time, Andy was and still is a sales director and Nicole became a stay-at-home parent shortly after the moved.See the rest of the story at Business InsiderNOW WATCH: Traditional Japanese swords can take over 18 months to create here's what makes them so specialSee Also:A 36-year-old New York lawyer who makes 270,000 says he lives off rice and beans so he can save 70 of his salary. He's part of a growing movement of pinching pennies to retire early.Taylor Swift just turned 30, and she's already worth at least 360 million. Here's how the pop superstar makes and spends her ever-growing fortune.Taylor Swift just turned 30 and already owns at least 81 million in real estate in the US. Here's a look at her mansions and penthouses.SEE ALSO: Maryland couple bought a 120-year-old church for 320,000 and now live in it with their 3 kids here's a look at how they turned it into a home
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