It's a Good Life Getting the Mortgage Monkey Off Your Back #124
“The one thing about real estate is if you hold it long enough, you will win.” — 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—up 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’ll 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’t 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’s interview:
“The one thing about real estate is if you hold it long enough, you will win.” — Brian Buffini
“If you need a place to live, you may as well turn it into something that works for you.” — Brian Buffini
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” — Albert Einstein
“Interest is not charged in a linear fashion” — Brian Buffini
“Banks are a great resource to help you get into a property, but the deck is stacked against you.” — Brian Buffini
“The best time to plant a tree was 20 years ago. The second best time is now.” — Chinese Proverb
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Theme Music: “The Cliffs of Moher” by Brogue Wave
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