How to Pay Off Your Mortgage Early: 💥 Velocity Banking & Proven Strategies to Save Thousands! 💸

[@quantarrow]

Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio.

[@IshrakHossain-rt8is]

It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Robert! Imagine i invested $50,000 and received $190,500 after 14 days

[@mfmcintyre]

Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.

[@JasperMaartenHoutman]

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Robert L Cox.

[@mbnesbitt]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@hamzahamza-bz3rf]

Cox demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

[@caramoonlynn]

That could be a great tool if used correctly. Cool. My sister has a 2 percent mortgage. We paid off our house in eight years. It was a huge achievement.

[@dnorris4733]

I pay a little extra on my mortgage every month. What is hurting me right now is ever increasing property taxes, which is collected through escrow. Buying a smaller home might help on lower property taxes too.

[@JM.5387]

Are you eligible for a senior freeze on your property taxes?

[@paulaboynton8299]

Same here. My monthly property tax is higher than my mortgage.

[@erinkerbs6789]

@@JM.5387 I don't know about where OP lives, but where I live to qualify as a senior or disabled person, the income allowed to qualify is below what is needed to qualify for food stamps and medicaid. This is not an option for many people.

[@Allnaturalani]

Where do you live? I'm in Edmonton, Alberta. I'm not ready to see my property tax for the year.

[@JM.5387]

Yeah, the minute your cash flow gets interrupted, the whole thing comes tumbling down. I would much rather pay extra on my principal when cash flow allows. You can always pause the extra payments when you have a tight month -- much simpler and safer than dealing with a HELOC.

[@Jesus-o7v9x]

😂 That's false. Specially with a 1st position. You take the money out, put it back in the HELOC and monthly mortgage payment is satisfied. Nice try.

[@shannonbean6954]

I have been watching since your cloth diapering videos. I am so glad you're back!

[@DebtFreeDana]

Thanks, Shannon. ❤️❤️❤️

[@fasteddy3336]

1 year emergency fund! WOW!!! I currently round up to the next hundred dollars on my mortgage payment plus add another hundred. This usually ends up being around one extra payment a year plus or minus. Thanks for explaining it, but I would never do it. It’s almost like people who open checking accounts and credit cards for the bonuses. I prefer my time.

[@karengabbard-w6i]

I’m so glad you are back. I listened to you every morning. I found you the other day. Saving money and paying off the mortgages. I love to hear your suggestions.

[@DebtFreeDana]

That’s awesome!! Thanks!! 😊 ❤️

[@76Chynna]

Are you able to share what online calculator you used? Too bad winning the lottery isn’t an option to pay debt off faster. 😊

[@dorisbenedith8664]

Love 😍 having you back ❤️

[@KimWilson-q5c]

Bless your heart! You have spread fear in others because you don’t understand that all debt is not the same and paying a mortgage off 7 years early vs 23 years early and saving $100k+ in interest is like saying all stocks are the same. Just buy stock. It doesn’t matter which one you buy. OMG you must educate yourself and remain silent until you do. People do your own research. I am looking to pay my mortgage off 23 years faster and that’s even with less cash flow when a life event happens.AND how interest is calculated is major!!!! Mortgage interest is charged to you from day one. It is front loaded on your mortgage! The bank buys a house with your interest payments before you can even pay for your own house. You have to see the calculation and reduction in your debt to really see how it happens but millions have done it. It is proven. This is how the rich stay rich and the poor stay poor and the middle class stay middle class. 🤷🏽‍♀️

[@teresanorris4769]

I think a velocity HELOC sounds like trouble. I don’t see the benefit over just paying extra principal payments on your mortgage.

[@ellefson1]

My mortgage rate is lower than the interest rate on my HYSA and everyone is saying I shouldn't make extra principle payments because I'd be losing money. I hate being in debt but I don't want to be foolish about money and just pay on the mortgage because of an emotional reaction to debt. I'd be interested in what you think about that.

[@justinkeller6379]

I'm in the same situation and I'd be interested on her take on this as well. Currently, I'm throwing extra money at both my mortgage and my HYSA. It's slower progress for both but I feel like I'm meeting somewhere in the middle.

[@jaclynbannister1877]

Why not just pay more on the principal?

[@kimberleykimberley2465]

That's what we did. We made double payments towards the principal and paid our mortgage off in 5 years.

[@DebtFreeDana]

Yes, that’s what I think is the best option. 😊

[@Florencewalter-o4s]

I’m considering whether to retain $3 million in single-family rentals, we have $900,000 left on mortgages. We are now the possibility of maintaining $70,000 annual income by selling and investing in stocks and bonds.

[@Nancy-1w]

Real estate, while a solid investment, demands effort and lacks liquidity compared to stocks and bonds. Long-term market trends should guide decisions.

[@MoniqueJ-g2s]

Lorrie Greta Hillard , a seasoned remote wealth advisor, delivered outstanding results - growing my portfolio significantly! Her tailored guidance ensured alignment with my financial goals. Highly recommend consulting her for sell and invest strategies.

[@tokisulli1737]

Hello, I just found you and started binging your videos. Can you talk about getting rid of a high amount of student loan debt?

[@debramills3123]

That's great.

[@rachaelv1140]

Would love to have a paid off home someday. Working on my car loan currently and then I’ll move back to the mortgage. One little tip I have been doing is using any money I make from apps as extra debt payment. It isn’t much, but adds up over time and takes money off the principal.

[@suredeydo]

Apps?

[@rachaelv1140]

@ google opinion rewards, upside are my main ones. Receipt apps are good too.

[@amazonorchid1321]

PLEASE TALK ABOUT THE RABBIT PORTRAIT!!

[@SarahtheDietitian]

oh my goodness right?!

[@DebtFreeDana]

Haha!! Isn’t he great?! My husband isn’t the biggest fan, but I’m obsessed.

[@sarahees891]

I’m not in the US, I don’t think we have an equivalent of this. Remortgaging every few years is really common here. We are not looking forward to ours as we had a deal on a really low interest rate for several years that ends in 2026, and interest rates are much higher now even for people with good credit. We are working on paying down what extra we can each month on the mortgage but I have 2 kids in university and that is reducing what extra we have available.

[@MyrtGyrt]

Thank you for clearing up a confusing topic! ❤

[@DebtFreeDana]

Glad it was helpful! 😊

[@paulaboynton8299]

I refinanced my mortgage when the interest rates were low, 2.75%. I never get money back on my tax return.

[@ErlaTheGreat]

Thank you!

[@suredeydo]

HELOCs spund like a total nightmare. Glad I have a super low mortgage rate though. 2%!

[@debramills3123]

Dana I am so glad you broke this down so simply and you know what you just realized this is just like taking out another loan on top of your mortgage loan. It doesn't sound like I would like to play that game. Thanks so much for the😊 information.

[@Jesus-o7v9x]

I think if someone can pay a 30 mortgage in 7, velocity banking is a no brainer.

[@manuelahernadez5757]

Hilac.hilac.