How To Pay Off Your Mortgage Early And Save On Interest | Mortgage Payment Strategy

Описание: In this video, I talk about how to pay off your mortgage early and save on interest.

Here are some of the benefits of paying off your mortgage early:

👉You'll save money on interest. The longer you have a mortgage, the more interest you'll pay.
👉You'll build equity in your home faster. Equity is the difference between the value of your home
and the amount you owe on your mortgage.
👉You'll have more financial freedom. Once your mortgage is paid off, you won't have to worry
about making monthly payments.

Here are some tips for paying off your mortgage early:

👉Make a budget and stick to it. This will help you free up money to make extra payments on your
mortgage.
👉Automate your payments. This will help you avoid missing a payment and incurring late fees.
👉Increase your monthly payments. Even a small increase can make a big difference over time.
👉Make a lump-sum payment whenever possible. This will save you the most interest.

Paying off your mortgage early can be a great way to save money and achieve financial freedom. If you're considering it, I encourage you to do your research and talk to a financial advisor to get the best advice for your situation.


✅ Time Stamps:

00:00 Introduction
01:04 My Job As A Borrower
01:28 Amortization Schedule
02:04 Payment Distribution
03:13 How I Make My Mortgage Payments
04:06 Benefits Of My Payment Method
05:32 Inflation & Time Value Of Money
05:53 Other Payment Strategy

I hope this video was helpful! If you have any questions, please leave a comment below.

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Title: Mortgage Payment Strategy-Pay Off Your Mortgage Early And Save On Interest

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