Ignore all those naysayers who say you can't own pay off for your home early even if you own it; it's not completely true.

The question I get asked by most people at this juncture is -- I believe it's possible, but how do I do this and still have money for my everyday needs and a little bit of fun? Take it from me -- it's not as difficult to achieve as you might have been told.

Every individual who owes for mortgage loans should make it their top priority to first repay their loans before anything else; whether they have the extra funds or not. It's not just about bringing in lots and lots of money that you will be able to pay off your mortgage debt that easily. If you consistently apply some care in your planning, adjustments in your budget and have lots of determination, you can successfully pay off your mortgage debt.

Has it ever dawned on you that lots of other people with mortgage loans have paid if off within as little as 5 to 10 years. Is there some kind of trap here?

None, all it will take is for you to sacrifice to achieve this.

Do you want to know precisely how this can be done?

One of the first things you should do is resist the temptation to spend all your tax refunds each year on unnecessary expenses. What is wise to do instead is to use the money for repaying your mortgage loans. Just paying $50 to $100 extra per month can, within some years, pay off tens of thousands of dollars of your mortgage loans.

A reasonable thing to do is take a fishing trip closer home, rather than take one that's very far away from where you live. Also, I don't see why you should continue to waste money traveling to Hawaii each year to celebrate your anniversary when you can celebrate it closer home and save the extras.

Any lady that truly desires to pay her mortgage early should give up pedicures and manicures and those expensive spa treatments each month; learn to do them yourself instead. For the guys that want to pay off their mortgage loans without tears, it's time to reduce your golfing to once a month, rather than the weekly golfing you were used to; this will enable you save hundreds of dollars that can go to paying off your mortgage in good time.

If you are among those that think hundreds of dollars extra payments don't matter, consider this -- it can cut off 6 years from the time it would take to be mortgage debt free. You don't have to wait for big money before paying it in; the little extra you pay each time can help increase your savings. I wonder who will be foolish enough to miss this opportunity.

It doesn't matter how low your income is, it's possible for you to save an extra $10 to even $25 each month from what you were spending to buy beer, cigarettes, lunch or any other such expenses. It's wise to talk to your lender about the possibility to increase the payments on your mortgage, if you can afford paying the extra. If you can't keep paying this new increase, simply revert to the old payment.

When tax refund time comes, take the extra and put some extra payment into your account; consider this money that is well spent. It's a good idea to commence a different account that you can use for vacations and entertainment or any such extra expenses. Don't think this entails you to live like a monk; not at all -- instead this helps you to live moderately. If you were spending lots of money on entertainment, cut down on it a bit. Reduce your weekly outing to once a month.

Your mortgage loans can be repaid with extra money saved every time, by those who have learnt to live in moderation. Do the math with a calculator right away. Is there anyone that would say they don't want the opportunity of saving tens or hundreds of thousands of dollars during the course of their mortgage?

It's completely unnecessary to sell yourself in a bid to own a home. Of course anyone can pay their mortgage in as little as 5 to 10 years if they applied the required budget and discipline to pay a little extra each month.