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How To Pay Off Your Mortgage in 7 Years!

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How would U.S. mortgage. the two-year yield for the first time since the financial crisis, causing a sell-off in the stock market. The 30-year yield is at an all-time low. An inverted yield curve.

This strategy is known as Velocity Banking and in the video I will demonstrate how Velocity Banking can be used to pay off a 30 year home mortgage in just 5-7 years without sending double payments.

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Paying off a mortgage early: Here’s my story. The amortization schedule covers the life of the loan, which in my case was a 15-year fixed mortgage at 3.75%, a very low rate. But I was still determined to apply extra money to the principal to reduce the interest I paid. Using my $86,000 mortgage as an example,

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Related Articles. Paying off your mortgage in seven or even 10 years will save you tens of thousands or even hundreds of thousands of dollars in interest. The money you save can be invested or saved and earn you even more money over the long term. You have to do more than just say you want to pay off your loan in ten years; you have to make a plan.

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To pay off your mortgage in 7 years requires action. It is indeed a very aggressive approach. You may choose to turn this into 10 years, or even 15 years. Nonetheless the strategy is the same and it does take action and responsibility.

After all, if you don’t pay your mortgage. years (or decades) and having to save loads more to catch up. For example, say you’re 30 years old with nothing saved for retirement, but you just started.