EP364: How to Pay Off Your Mortgage in 5 Years
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What would your life be like if you had no mortgage? Would you accelerate your investing strategy, pay off debt, or take more family vacations? A few years ago, Natali and I discovered an incredible means to pay off our primary residence. We put it into action, and wrote a book in the process!
On today’s episode of Investing in Real Estate, we’re sharing the proven system you can use to pay off your mortgage in just a few short years. We’ll discuss the step-by-step system that can help you save hundreds of thousands of dollars in interest payments. We’ll share how the 2018 tax code affects this strategy, and more!
On this episode you’ll learn:
How an amortization schedule works.
Why it’s important to designate your payments as principle payments.
The definition of a performing asset.
Why a mortgage is like a heavy fanny pack.
The two biggest enemies in paying off your mortgage.
The different types of interest.
Why you should shop local banks for a HELOC.
How to evaluate banking products.
How to Pay Off Your Mortgage in 5 Years by Clayton & Natali Morris
EP304: How to Use Promissory Notes for Real Estate Investing
EP302: What You Need to Know About the New Tax Law – Interview with Tom Wheelwright
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If you’re ready to begin building a passive income through rental real estate, book a FREE call with our team today. We’re ready to talk about your goals and want to help you learn more about earning legacy wealth for you and your family.
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