3 Ways To Pay Off Your Mortgage Faster

  In the case of paying off your home, faster is better. One of the first ways is reducing your terms like getting a 10 year mortgage loan instead of a 30 year. This sounds great and all, but you will be making substantially higher payments and less flexibility. You have to decide if it’s worth it for you within your situation and desired outcome. Another way and one of the most common is to just make extra payments. Make your full payment at the beginning of the month and then pay half of your next payment 2 week into the month, helping you pay it off faster. Again, this works, but isn’t the most effective. The last strategy I want to cover that is much better and more effective, is to refinance into a HELOC (home equity line of credit). For example, let's pretend you take out a $300,000 loan on a 30-year term at an average IR of 4.25% Giving you a rough payment of $1475 excluding taxes and interest. But doing this exact same thing under a HELOC, would pay your home off in 24.5 years. This is because with the right teaching and understanding of which we teach, you have more money in the account which accelerates the payoff of the loan. Simply put, a HELOC is the best way, and that is why we teach how to acquire and utilize it so you can pay off you homes 6x faster than the 30-year mortgage. This is what a HELOC can do for you at its most simplified levels…providing your more freedom and wealth. To learn more and see how this can work for you, click the link below [( It's not magic, its math Michael Sent to: {EMAIL} [Unsubscribe]( Replace Your Mortgage, 2550 Meridian Blvd. Ste 200, Franklin, TN 37067, United States