4 Ways To Pay Off Your Mortgage Faster (Plus Save Money On Interest)

Learn more about our services here: https://www.parallelwealth.com/planning

Mortgage calculators:
1) https://itools-ioutils.fcac-acfc.gc.ca/MC-CH/MCCalc-CHCalc-eng.aspx
2) https://www.ramseysolutions.com/real-estate/mortgage-payoff-calculator

You may be wondering why you would want to pay your mortgage off faster when you have a 1.5% or 2% interest rate, but a lot of people have the financial goal of paying off their mortgage faster. If you would like to be mortgage free by retirement, in this video we'll discuss 4 ways to pay off your mortgage faster that can potentially take several years off of your mortgage timeline.

If you have any further questions about this video's topic or any financial planning questions in general, I encourage you to find a certified financial planner in your area or book a consultation with us to get your savings plan on track.  You can learn more about our services at https://www.parallelwealth.com/planning or email Info@Parallelwealth.com

OUTLINE:
0:00 - Introduction
2:10 - Example Facts
3:41 - 1. Accelerated Weekly Payments
5:21 - 2. Additional Monthly Lump Sum
6:57 - 3. Additional Annual Lump Sum
8:25 - 4. Adjust Amortization Schedule
12:31 - Bonus Tip
14:21 - Summary

-----------------------------------------
DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

Take our Retirement Ready Assessment https://www.parallelwealth.com/retirementready

My daily read to stay connected https://www.morningbrew.com/daily/r?kid=a0b3e8c4
Book recommendation: https://www.amazon.ca/Start-Why-Leaders-Inspire-Everyone/dp/1591846447?dchild=1&keywords=start+with+why&qid=1620760573&sr=8-1&linkCode=sl1&tag=pwfg-20&linkId=70a2cb025a2429deff154b569bdb2d6b&language=en_CA&ref_=as_li_ss_tl

Видео 4 Ways To Pay Off Your Mortgage Faster (Plus Save Money On Interest) канала Parallel Wealth