Getting the Mortgage Monkey Off Your Back #124

Published: Oct. 16, 2018, 7:01 a.m.

\u201cThe one thing about real estate is if you hold it long enough, you will win.\u201d \u2014 Brian Buffini

Are you among the 66% of Americans with a mortgage? Your home is a major source of wealth that allows you to build equity over time. A goal for many homeowners is to pay off their mortgage before the end of the amortization period; however, they may not know how to do it. In this episode, Brian Buffini breaks down the mortgage math and offers seven common-sense tips for paying off a mortgage much sooner\u2014up to 11 years sooner in some cases! Paying off your mortgage not only allows you to own your home sooner, it also helps you save money in interest. You\u2019ll learn how to harness the concept of compound interest to work in your favor, the pros and cons of paying off your mortgage early, and why you should fully fund your retirement and pay off your investment property before paying off your mortgage. If you have a mortgage, you won\u2019t want to miss this episode.

Ready to get free and clear of your mortgage much sooner? Click here to download the free resource with examples and how-tos to get started. If you have questions, email Brian or connect with him on social media.

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Inspirational quotes from today\u2019s interview:

\u201cThe one thing about real estate is if you hold it long enough, you will win.\u201d \u2014 Brian Buffini

\u201cIf you need a place to live, you may as well turn it into something that works for you.\u201d \u2014 Brian Buffini

\u201cCompound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn\u2019t, pays it.\u201d \u2014 Albert Einstein

\u201cInterest is not charged in a linear fashion\u201d \u2014 Brian Buffini

\u201cBanks are a great resource to help you get into a property, but the deck is stacked against you.\u201d \u2014 Brian Buffini

\u201cThe best time to plant a tree was 20 years ago. The second best time is now.\u201d \u2014 Chinese Proverb

 

 

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