How to pay off a 30 year home motgage in 7 years

How to pay off a 30 year home motgage in 7 years. Mortgage calculator

How to pay off a 30 year home motgage in 7 years video duration 10 Minute(s) 21 Second(s), published by Pyramid Finances on 24 12 2017 - 22:25:40.

Here is one of my favourite strategies called The Debt Acceleration Strategy that allows anyone to pay off a home mortgage, auto loans, student loans
without Millions of Americans are in mortgages they can't afford
Dave Ramsey always recommends a 15-year fixed rate mortgage
To get a loan or refinance, use his .

. Here is one of my favourite strategies called The Debt Acceleration Strategy that allows anyone to pay off a home mortgage, auto loans, student loans
without

Here is one of my favourite strategies called The Debt Acceleration Strategy that allows anyone to pay off a home mortgage, auto loans, student loans. without having to send double payments to the bank or change current income. This strategy is known as Velocity of money. This video will demonstrate how Velocity of Money can be used to pay off a 30 year home mortgage in just 7 years.

First, I create a scenario of someone’s financial situation by taking an income of a person then combine them with some popular monthly expenses, namely:
Home loan (mortgage)
Minimum payments on credit cards
Car payments
Living expenses

Once the expenses are identified and compared to the net monthly income. This is important for cash flow, and having positive cash flow is the goal. Next, I will identify the difference between a loan and a line of credit because understanding the difference between the two is where the strategy lies. I do this by explaining how the interest is calculated for a loan vs. a line of credit (credit card). Then I share an amortization schedule to demonstrate how monthly payments on a mortgage are dispersed between interest and principal paydown. There is also an app called “Karl’s Mortgage Calculator” that does a good job of showing the high amount of interest that the bank charges on the home mortgage and how over the lifetime of the loan a person pays more interest than their home price.

The secret to paying off a home mortgage in 5 years lies in utilizing line of credits. And the strategy of Velocity of Money really kicks into play at this stage because it required bypassing the accustomed system of depositing monthly income into a checking and a savings account and rather taking the entire monthly income and putting it all towards the line of credit. What this does is it creates cash flow and allows to pay off any present balance on the credit card with speed. Then use the credit card to pay the remaining monthly expenses. Once the credit card balance has been paid off, that line of credit is applied towards principle paydown on the home mortgage, then the same technique is utilized to get that balance down to zero. This technique is repeated for every cycle until the principal of the debt (home) is paid off. Taking the time to learn and understand this strategy will result in thousands of dollars in savings otherwise to be spent on interest.

KARL'S MORTGAGE CALCULATOR APP:
https://itunes.apple.com/us/app/karls.

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DISCLAIMER: Please consult with a professional prior to engaging in any financial strategies. Not everyone will experience 100% success rate by using this strategy as it requires a commitment to keep applying this strategy over time until the desired result is achieved. I (pyramid finances) do not promise or guarantee any specific outcomes and/or results from the use of this strategy.