How To Pay Off a Mortgage. Pay off mortgage with funds from the Solo 401k for real estate investors
How To Pay Off a Mortgage video duration 3 Minute(s) 56 Second(s), published by The Dave Ramsey Show on 24 04 2018 - 15:30:02.
Paying off your mortgage in 5 to 7 years can help you change your life
Find out your mortgage options here: https://goo.gl/1up9dK SUMMARY In this video,
Should I Use My 401K to Payoff Mortgage? Watch This Before Deciding! Video: Marginal tax rates explained: https://youtu.be/uCFmdlBvQXI 2018 tax brackets: Learn to budget, beat debt, & build a legacy
Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.sensefinancial.com It is possible to use funds from a Solo 401(k) for real estate investors to pay your mortgage, but you have to take out a loan as a .
Paying off your mortgage in 5 to 7 years can help you change your life. Find out your mortgage options here: https://goo.gl/1up9dK
SUMMARY
In this video, Dave shares how to pay off your mortgage early. Dennis in Charlotte, North Carolina, just bought a house with a 30-year mortgage and a 3.6% interest rate. He’s considering refinancing to a 15-year mortgage and taking his money out of mutual funds in order to pay off his mortgage fast.
Dave suggests refinancing to a 15-year mortgage to reduce Dennis’ interest rate, which would save him money in the long run. This means Dennis could pay off his mortgage in 5 to 7 years!
If you want to get serious about paying off your mortgage early, you have to commit to paying a little extra on your regular payment in order to put a dent in your principal balance. Adding even just one extra payment each year can take years off your mortgage!
RESOURCES
Use Dave’s Mortgage Payoff Calculator to see how fast you can pay off your mortgage: https://www.daveramsey.com/mortgage-payoff-calculator
Get some ideas on easy ways to cut costs and pay off your mortgage in 5 to 7 years: https://www.daveramsey.com/blog/how-to-pay-off-mortgage-early
Have other questions about mortgages? We’ve answered them here: https://www.daveramsey.com/blog/mortgage-questions
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Other Video about How To Pay Off a Mortgage:
Should We Take A Penalty And Pay Off Our House?
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