How To Pay Off a Mortgage

July 26, 2019

How To Pay Off a Mortgage. 30 Year Mortgage vs. 15 Year Mortgage. Which is Better? [#AskBP 063]

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, Applying the 30 yr vs 15 yr mortgage payments to see what the difference is
The Savings Is Staggering!! Sub, Comment, and Thumbs! Thanks!

In the first part of this two part series I will show you the tools you need and how to use them so that you have access to the same information that bank has, . http://biggerpockets.com/askbp063 The two most common loan terms for real estate shoppers is the 30 year mortgage and the 15 year mortgage
But what is the .

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

THE DAVE RAMSEY SHOW

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of people just like you as they call in from Ramsey Solutions to do their debt-free scream live. The show streams live on YouTube M–F from 2–5pm ET! Watch here: https://www.youtube.com/channel/UC7eBNeDW1GQf2NJQ6G6gAxw

Other Video about How To Pay Off a Mortgage:



30 Year Mortgage vs. 15 Year Mortgage. Which is Better? [#AskBP 063]

30 Year Mortgage vs. 15 Year Mortgage. Which is Better? [#AskBP 063]

http://biggerpockets.com/askbp063 The two most common loan terms for real estate shoppers is the 30 year mortgage and the 15 year mortgage
But what is the .

30 Yr Mortgage vs. 15 Yr Mortgage - Save Over $120K

30 Yr Mortgage vs. 15 Yr Mortgage - Save Over $120K

Applying the 30 yr vs 15 yr mortgage payments to see what the difference is
The Savings Is Staggering!! Sub, Comment, and Thumbs! Thanks!

How to pay off your 30 Year Mortgage in 10 without paying any extra, Part 1

How to pay off your 30 Year Mortgage in 10 without paying any extra, Part 1

In the first part of this two part series I will show you the tools you need and how to use them so that you have access to the same information that bank has, .

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