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Big Fat Real Estate Checks

Ep156: Make Money on Existing Mortgages - Marco Kozlowski

Big Fat Real Estate Checks

Marco Kozlowski

How To, Education, Realestate, Business, Investing

5957 Ratings

🗓️ 15 September 2022

⏱️ 16 minutes

🧾️ Download transcript

Summary

Are you paying a property mortgage? Marco and his co-host discuss how important it is to understand how these three components of mortgages work. Tune in to learn how to take out a new loan to pay off and replace your old loan.

WHAT YOU’LL LEARN FROM THIS EPISODE

  • Mortgage: What is it and how it works
  • How did the bank design your monthly payments?
  • Why it is important to understand your mortgage payment

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Transcript

Click on a timestamp to play from that location

0:00.0

You're paying mostly interest at first and then it's all principle.

0:02.7

So refinancing your car is actually a trap after year two because now you've

0:07.6

just only paid interest and suddenly now you're paying only interest again by

0:11.8

refinancing.

0:14.4

Welcome to the big fat real estate checks podcast with Marco Kuzlowski, where

0:19.8

we help investors like you get the knowledge and skills you need to replace

0:23.8

your J.O.B. with passive cash flow for life.

0:28.6

Hey everyone, welcome to big fat real estate checks.

0:31.3

My name is Marco Kuzlowski.

0:32.8

I'm here with Gabriela Reyes and Francesco.

0:37.2

We're going to be discussing some really fun things based on what we

0:40.7

discussed in the last episode.

0:43.4

The opportunity that lies in a shift in the economic cycle in most people

0:48.5

think it's terrible.

0:49.3

The sky is falling.

0:50.1

The sky is falling, but if you understand and have the knowledge and to

0:53.8

action, you're going to make more money in the next little while.

0:57.0

Then most people do in the lifetime, very exciting times.

1:00.0

So if you have missed our last podcast or episodes, stop what you're doing

1:04.4

right now.

1:05.8

Go for the first 10 episodes.

1:07.2

Listen to how we don't need money to make money.

...

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