REDUCE 5 YEARS OFF A 30 YEAR MORTGAGE!! (without paying a penny more)

Richard FertigMay 2, 20184m 42s1.3K viewsScore 75
Pricing & Profitability
intermediate
mortgage payoff
bi-weekly payments
principal reduction
interest savings
home equity
M

Summary

AI-generated

Learn how to pay off your mortgage five years early without increasing your monthly payments by making bi-weekly payments. This strategy leverages the 26 bi-weekly periods in a year to effectively make an extra monthly payment, reducing principal and interest over time.

Key insights

  • Making bi-weekly mortgage payments (26 payments per year) results in one extra monthly payment annually, which can significantly reduce the loan term and total interest paid.

Mistakes to avoid

  • Failing to ensure extra payments are applied to the principal can negate the benefit of bi-weekly payments, as interest is calculated on the outstanding principal balance.

Tools & resources

  • Short-Term Rental Universitycourse

    Short-Term Rental University offers resources and courses for hosts, including guidance on financial strategies for STR properties.

Frequently Asked Questions

Curated by Learn STR by GoStudioM · Summary & key insights generated by AI · Reviewed by editorial