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Episode 3422:
JD Roth explores the practical and psychological benefits of prepaying a mortgage, even when the math favors investing. Drawing on Charles Givens’ strategy, he outlines a flexible approach that slashes loan terms while offering financial peace of mind and long-term freedom.
Read along with the original article(s) here: https://www.getrichslowly.org/mortgage-prepayment-made-easy-own-your-home-in-half-the-time/
Quotes to ponder:
"You can pay off your 30-year mortgage in half the time without refinancing by making extra principal payments."
"Many people find peace of mind in paying off their mortgages and owning their homes outright, especially as they approach retirement."
"Every time we make a payment, we're essentially making two payments, cutting the term of our mortgage in half."
Episode references:
Wealth Without Risk: https://www.amazon.com/Wealth-Without-Risk-Charles-Givens/dp/0671675567
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