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Mom of Three Explains How She Paid off Mortgage 17 Years Early and Saved Over $100,000 in Interest Payments
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Mom of Three Explains How She Paid off Mortgage 17 Years Early and Saved Over $100,000 in Interest Payments

The financial wizard also shared a few tips people could take into account while paying their own mortgages.

Representative Cover Image Source: Getty Images | Witthaya Prasongsin
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Paying back any kind of loan or mortgage is a nightmare, turning into a swinging blade that has the potential to go wrong very quickly. For Liz Gendreau and her husband, Todd Gwiazdowski, it was the same. After a terrible surgery that sent Gwiazdowski into a septic shock, nearly killing him and losing his job in 2009 because of the recession, their family decided to take up matters in their own hands and realized that things can be much better. "We learned the hard way that when bad things happen the last thing you want to worry about is money," Gendreau said. This became one very important tip in paying back mortgages quickly. 

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The couple realized that having something like this hang over their head was exceedingly problematic. In times of emergency, it could very well prove to be terrible that there were no savings or extra money to keep a family of five afloat.