Mortgage

How to pay off a 30 year home mortgage in 5-7 years

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wanted to share one of my favorite strategies and that is the Debt acceleration strategy that allows to pay off a home mortgage, auto loans, student loans... without having to send double payments to the bank or change current income. This strategy is known as Velocity Banking and in this video I will demonstrate how Velocity Banking can be used to pay off a 30 year home mortgage in just 5-7 years. First, I create scenario of someone’s financial situation by taking an average household income in the United States combined with some popular monthly expenses, 4 of them being: Home loan (mortgage) Minimum payments on credit cards Car payments Living expenses Once the expenses are identified and compared to the net monthly income I demonstrate the importance of cash flow and why having a positive cash flow is the goal. Then I want to identify the difference between a loan and a line of credit because understanding the difference between the two is where the strategy lies. I do this by explaining how the interest is calculated for a loan vs. a line of credit (credit card). Then I share an amortization schedule to demonstrate how monthly payments on a mortgage are dispersed between interest and principal paydown. I go on to identify the main reason why people now a days more than before are having a harder time paying off their home mortgage and the main reason is due to refinancing! I share an app called “Karl’s Mortgage Calculator” that does a good job of showing the high amount of interest that the bank charges on the home mortgage and how over the lifetime of the loan a person can sometimes pay more interest than their home price. The secret to paying off a home mortgage in 5 years lies in utilizing line of credits. And the strategy of Velocity Banking really kicks into play at this stage because it required to bypass the accustomed system of depositing monthly income into a checking and a savings account and rather taking the entire monthly income and putting it all towards the line of credit. What this does is it creates cash flow and allows to pay off any present balance on the credit card with speed. Then use the credit card to pay the remaining monthly expenses. Once the credit card balance has been paid off, that line of credit is applied towards principle paydown on the home mortgage, then the same technique is utilized to get that balance down to zero. This technique is repeated for 5 years until the principal of the home is paid off. Taking the time to learn and understand this strategy will result in thousands of dollars in savings otherwise to be spent on interest. KARL'S MORTGAGE CALCULATOR APP: https://itunes.apple.com/us/app/karls...... See full Video

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Landscaping and Your Property Appraisal

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Just how much can landscaping affect your property appraisal? Welcome back to Big Money Real Estate with Ilyce Glink, where I talk shop with real estate industry insiders and experts on the latest trends in the housing market. This week, my guest is Lance Coyle, current President of the Appraisal Institute. We’ll cover a range of topics related to real estate appraisals, starting with the latest on how property appraisers are faring in their efforts to leverage drones as property assessment tools. Then, we’ll discuss the importance of landscaping in the property appraisal process. A beautiful yard is always enticing to home buyers, but in the era of online home shopping, it can be the difference between a home buyer clicking on a listing or passing it over. So watch this episode of Big Money Real Estate and my interview with Lance Coyle to learn how good landscaping choices can improve your property appraisal. Be sure to subscribe to my YouTube channel for the latest real estate tips and news: http://www.youtube.com/subscription_c... And pick up my Intentional Investor Series on thinkglinkstore.com to learn everything you need to know to become a successful investor in real estate: http://thinkglinkstore.com/collection... Looking for more of my real estate and personal finance tips? Read my blog: http://thinkglink.com See my tweets: http://www.twitter.com/glink Follow me on Facebook: http://www.facebook.com/ilyceglink... See full Video

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How to Pay Off your Mortgage in 5-7 Years (Real Estate Investing)

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Would you be interested in more information AND getting involved in real estate investing? Visit http://ChopMyMortgage.Com for a explanation longer video SUBSCRIBE for more helpful real estate related videos! Ever wonder how you may be able to pay off your #mortgage within 5-7 years (depending on your situation) without adding a single penny to your payment and not #refinancing? Sam Kwak is going to show you a strategy in how you can use a different method/instrument to pay off your mortgage quicker! This strategy is called the "Velocity Banking" Strategy. We first need to understand how mortgages work. In this strategy, we are using a Home Equity Line of Credit (HELOC) as a leverage to pay off the mortgage quicker and still maintaining our income and expenses as how they are. You can also use other instruments such as Business Line of Credit, Personal Line of Credit, or Credit Cards for the purpose of this strategy. The beautiful thing about this strategy is that it allows us to take an inefficient debt and convert it over to a much efficient debt. The emphasis on this strategy is mainly on cashflow and principle balance reduction. The adage strategy of taking your hard earned money you earn and paying extra toward the principle is an old school strategy. While it works, the Velocity Banking Strategy is a much more efficient way of paying off an amortized debt. This strategy will also work on Student loans, car loans, personal loans and so forth! Don't let the banks trick you with their amortized products!!! Would you be interested in more information & details? Visit http://ChopMyMortgage.Com for a explanation longer video on how to apply this strategy to your situation AND a different approach to this strategy in using it to increase your monthly income! Be sure to subscribe to our YouTube channel for more Real Estate Investing tips and tricks! **Want to learn and work with the Kwak Brothers? Get access to their #1 real estate investing course: http://www.thekwakbrothers.com/learn **Get access to the Kwak Brother's Mastermind FB Group to ask the Kwak Brothers directly!: https://www.facebook.com/groups/thekw... **Want to read more tips & tricks about real estate investing? Visit: http://thekwakbrothers.com/ **Download our FREE ebook "5 Steps to Real Estate Investing" here: http://www.thekwakbrothers.com/ebook FOLLOW US @thekwakbrothers #realestateinvesting #realestate #realestateinvestor #realestatetips #realestatetraining #realestateeducation #rei #entrepreneurship #thekwakbrothers #VelocityBanking #mortgageacceleration #payoffmortgage #samkwak #mortgagepayoff #mortgagestrategy #heloc #realestateinvesting #thekwakbrothers DISCLAIMER: Sam Kwak is not a licensed mortgage broker, not real estate agent, not a Certified Financial Planner, not a licensed attorney, and not a Certified Public Accountant. Viewers will consult with their professionals prior to engaging in any financial strategies. Not everyone will experience 100% success rate with using this strategy. This strategy does require equity, a good standing with your current mortgage and the patience to use the strategy. The result of paying off your mortgage within 5-7 years is atypical but it represents a likely possible outcome for individuals who use this strategy. We (Novo Elite and DBA The Kwak Brothers) does not warrant a promise or a guarantee any specific outcomes and/or results from the use of this strategy.... See full Video

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Urban League of Greater Atlanta offers mortgage down payment assistance

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Potential first time home buyers could be eligible for mortgage down payment assistance. The Urban League of Greater Atlanta is an approved counseling agency of the US Department of Housing and Urban Development. They are offering a program they say is open to the public and a must do for first time home buyers.... See full Video

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How To Get An Off Grid Home Mortgage (Home Loan)

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We bought our land a year ago. We began building our off grid home with our savings wondering how long it would take to get the house finished. We began talking with different banks trying to figure out if a mortgage is possible... We found a bank!... See full Video

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Buy A Tiny House for $100 Down - Tiny Homes, Mortgage Free, Self Sufficient, Living Off The Grid!

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Here is an easy way to stop paying rent or own a home that doesnt waste space or have a big impact on the environment. MORTGAGE FREE AND DEBT FREE. Getting off the grid with TINY HOMES! Live closer to nature by spending your time outside rather than inside. The tiny home movement is becoming a smarter way to live and start to become self sufficient. Look for our new tiny home in future videos. Thanks for watching... See full Video

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How to Pay off Your Mortgage in 5 Years

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How to Pay off Your Mortgage in 5 Years How to Pay off Your Mortgage in 5 Years by Clayton Morris and Natali Morris: https://goo.gl/brjAxN What would your life be like if you had no mortgage? Would you accelerate your investing strategy, pay off debt, or take more family vacations? A few years ago, Natali and I discovered an incredible means to pay off our primary residence. Now we utilize this strategy consistently in order to meet our ultimate goal: purchasing more buy and hold real estate. In this video, we’re sharing the proven system you can use to pay off your mortgage in just a few short years. We’ll discuss the step-by-step system that can help you save hundreds of thousands of dollars in interest payments. We’ll share the importance of dedication, and why banks don’t want you to know about this strategy! If you've ever wondered how to pay off your mortgage in 5 years, this video is for you! We'll talk about our new book, and how it can help you reach your financial goals. We wanted to share this to help you free yourself from the dead weight of your mortgage so that you can enjoy your monthly income however the heck you want to! Show notes page for this episode: https://goo.gl/mPC4fp BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: https://goo.gl/EbDRWj VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list... VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list... SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest SUBSCRIBE TO THE iTUNES PODCAST: iTunes: https://goo.gl/tSfSM8 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris... See full Video

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How Do Principal Payments Work on a Home Mortgage?

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Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamse... Welcome to The Dave Ramsey Show like you've never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave's producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you'll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we'll unveil every day. The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!... See full Video

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4 AMAZING first time home buyer mortgage programs in 2017

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4 AMAZING first time home buyer mortgage programs in 2017 Real Estate Facebook Ad Mastery: https://michael-hicks.mykajabi.com/st... https://www.youtube.com/playlist?list... Leave a Like if you enjoyed the video! Contact me: realtormikehicks@gmail.com subscribe to get more regular content: http://bit.ly/2csB6U5 View properties on the market in Florida: http://bit.ly/2fpxVkT... See full Video

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