Get UNLIMITED access to property owner phone numbers and contact information with DealMachine: https://www.dealmachine.com/bp
What’s the most brilliant way to pay off your mortgage early? Simple: pay more towards your 30-year mortgage! We know what you’re thinking, “30-year mortgages are the gold standard! I can only cash flow my rental properties with a 30-year mortgage payment!” Listen, we hear you, but that 30-year mortgage could be costing you hundreds of thousands of dollars in interest and essentially eat away at all the cash flow you worked so hard to create. Is it always the wrong choice? NO! But there may be some better ways to pay off your mortgage faster!
Christian and David are back on this Mortgage Monday episode to talk about the massive interest savings you can get from tweaking your loan terms. 15-year fixed mortgages, 20-year fixed mortgages, and 30-year fixed mortgages: which is the best for building wealth? Today, we’re pitting them head-to-head-to-head to see which saves you the most on interest with today’s sky-high mortgage rates. Plus, even if you have a 30-year mortgage, there are still numerous ways to pay off your mortgage faster. We’re sharing all the mortgage “hacks” with you today!
Say goodbye to skiptracing! Unlock unlimited property owner information TODAY: https://www.dealmachine.com/bp
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Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
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Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
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Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
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Check Out Another Mortgage Monday Video:
https://www.youtube.com/playlist?list=PLgSUZKLPRI9upGwnyORepWtJD-bLXbUGs
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What’s Better for Investors—a 15-Year or 30-Year Mortgage?
https://www.biggerpockets.com/blog/mortgage-15-year-or-30?utm_source=youtube&utm_medium=description&utm_campaign=none
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Pros and Cons of Paying Down Your Mortgage:
https://www.biggerpockets.com/blog/pros-cons-paying-mortgage?utm_source=youtube&utm_medium=description&utm_campaign=none
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Work with The One Brokerage:
Website: https://the1brokerage.com/
Email: christian@theonebrokerage.com
Intake Email: intake@theonebrokerage.com
Christian Bachelder NMLS 1668250
One Brokerage NMLS 2142653
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Work with David:
Website: https://www.davidgreene24.com/
YouTube: https://www.youtube.com/@davidgreene24
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Connect with Christian and David on BiggerPockets:
Christian: https://www.biggerpockets.com/users/christianb79?utm_source=youtube&utm_medium=description&utm_campaign=none
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Christian and David on Instagram:
Christian: @the_one_broker or https://www.instagram.com/the_one_broker/
David: @davidgreene24 or https://www.instagram.com/davidgreene24/
00:00 Save a TON on Your Mortgage!
01:06 Sponsor: DealMachine!
02:08 Shorter Loans Mean Bigger Payments
03:52 30 vs. 20 vs. 15-Year Mortgage
08:52 The “Hidden Cost” of Interest
10:52 Mortgage “Hacks” to Pay Off Faster
14:16 Pay Off a Low Rate Mortgage?
