WIP 1589: #ThrowbackThursday - Smart Decision or Huge Mistake - Should You Pay Off Your Mortgage

Wholesaling Inc with Brent Daniels

Find distressed properties for pennies on the dollar and turn them for huge profits!

Real Estate, Education, Wholesale Houses, Entrepreneurship, Business News, Make Money, How To, Entrepreneur, Business, Real Estate Agent, News, Wholesaling, Houses, Cash Buyers

4.9 • 1.4K Ratings

🗓️ 24 October 2024

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

In the U.S., mortgages are the most common form of personal debt, usually covering at least 80% of a home's price. But when you factor in the interest, the total cost can be much more than the home's price tag. So, is paying off your mortgage early a smart move, or should you stick to your payment plan? In this episode, Brent Daniels, dives deep into the pros and cons of paying off your mortgage. Apply now for the TTP training program and work directly with Brent! --------- Show notes:...

Transcript

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0:00.0	You're listening to Wholesale Inc. episode number 1589.
0:04.3	I encourage you to pay off your mortgage.
0:06.4	I know my mentors would encourage you to pay off your mortgage.
0:09.4	Do whatever you can to be debt free.
0:11.4	This is game-changing information guaranteed to raise your real estate
0:15.9	wholesaling business with actionable steps you can take immediately to navigate the
0:20.4	ins and outs of wholesaling and start making money today.
0:24.0	Join us as we put our guests in the hot seat and dive deep to dissect their strategies for success
0:30.0	to enable you to duplicate their results.
0:32.0	You're listening to Wholesailing Inc.
0:34.7	the only show dedicated to making you a fortune in wholesaling.
0:40.4	Should I pay off my mortgage early?
0:42.8	Break down the pros and the cons of paying off your mortgage.
0:47.6	Number one, you own your house.
0:51.8	You own your house, house free and clear. Now let's be honest if you have a
0:56.4	mortgage on your property you are absolutely that is financial slavery to the
1:02.2	bank. You part of your income every single year
1:05.4	goes towards that interest payment. Interest, not the equity of your house. It goes
1:10.4	to the bank making more money off of you working every day.
1:14.4	You work from like what January to March to April to whatever depending on how big your
1:20.2	mortgage is just for the bank's interest payment?
1:23.3	Think about it.
	...

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