Want to save thousands on your short term rental journey?

The Short Term ShopSep 4, 20250m 34s345 viewsScore 80
Pricing & Profitability
beginner
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Summary

AI-generated

To pay off a mortgage faster, the host recommends making one extra mortgage payment a year that goes toward the principal. This strategy can shave off years from the mortgage term and save thousands in interest. Alternatively, making an extra payment every quarter can significantly reduce the mortgage term and interest.

Key insights

  • Making one extra mortgage payment a year that goes directly to the principal can shave over 5 years off a 30-year mortgage with a 6% interest rate on a $300,000 mortgage.

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