There is a right and wrong way to payoff your mortgage
I know there are all sorts of programs sold and talked about out there, but putting extra money down regularly on your mortgage increases your financial risk will preventing you from investment gains in exchange for saving no certain interest.
Let’s talk about what happened to the owner I bought this house from. He had been dutifully making the payments for many many years but did not have a substantial emergency fund, then became permanently disabled by a freak accident, but did not qualify for unemployment or SSI/disability. So he lost his home and since it was not in retail condition he wasn’t able to sell it for any thing close to full value. Don’t let that happen to you take all that early payoff energy, make a healthy emergency fund, start your own investment account. Use the security of that emergency fund to seize opportunities like starting your own business.
The Plan is only ever make one extra payment.
▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
0:00 – Intro
0:50 – How I got this House
2:40 – Only owed 60K but no unemployment no saving
4:10 – The Plan
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650 N Holladay St Ste 1600
Portland, OR 97232