Finance Tip - Stop paying extra to your mortgage!

159 Просмотры

Спасибо! Поделитесь с друзьями!

Вам не понравилось видео. Спасибо за то что поделились своим мнением!

Издатель Jan 6, 2023

I explain why you should NOT pay extra on your mortgage.

Leverage mortgages with low interest rates by placing your excess funds into higher return investment vehicle(S).

If you have a high interest rate on your mortgage, you'll probably end up refinancing when rates come down which will restart your 30 year period... Defeats the purpose of wanting to payoff early when you'll just start over when you refi and can always apply excess funds when you do refinance to lower you future loan.

Use your funds to something else like paying off high interest rate credit cards, repairs/renovations on the house, or investing into a vehicle that will have a greater return and more liquidity.

https://www.nerdwallet.com/best/banking/cd-rates

https://treasurydirect.gov/savings-bonds/i-bonds/i-bonds-interest-rates/

Follow me on IG for my latest videos - https://linktr.ee/jchan_loans

#mortgagebroker #mortgageloans #homeloans #refinancing #realestate #finance #homes #housing #credit #mortgagelender #interestrates #loans #homebuying #investment #loanapproval #mortgages #property #money #mortgagetips #financialfreedom #realestateinvestment #financialplanning #financialadvice #affordability #budgeting

The obvious fine print: This is not a commitment to lend or extend credit. Restrictions may apply. Rates may not be available at time of application. Information and/or data are subject to change without notice. All loans are subject to credit approval. Not intended to solicit loans in states I am not licensed in. Not all loans or products are available in all states. Seek professional advice for your specific details.