Pay Off Your Mortgage Early | Or SHOULD You? | Should I pay off my mortgage

Pay Off Your Mortgage Early [Or SHOULD You?] Should I pay off my mortgage? Paying off your mortgage is awesome!

Do you want to be mortgage free? A lot you homeowners want to pay off your mortgage early, but going mortgage free isn't as safe or simple as you might think! In this video I explain some of the BEST strategies for paying off your mortgage early (and make a comparison between bi-weekly mortgage payments vs monthly), and include my #1 secret strategy as a 17-year mortgage lender. Watch this video to learn if paying off your mortgage early is the best idea before you start sending all those extra payments to the bank!

Call my Team! 985-300-LOAN

#payoffyourmortgageearly
#mortgagefree
#mortgageeducation

0:00 Creating an actual plan
0:35 What to do before paying off your mortgage
3:19 Bi-weekly payment method
4:04 Bi-weekly example
4:39 Pros and cons of bi-weekly method
5:15 Extra principal payments
6:54 Extra principal payment example
7:30 Mortgage recast
9:05 Stephanie's #1 tip
11:17 Alternatives to paying off your mortgage
12:21 Using recasting to pay off early
12:54 Refinancing

🔹 Bi-Weekly payments mortgage calculator: https://www.csbbankonline.bank/Calcs/Biweekly.html

🔹 Extra payment mortgage calculator: https://www.calculator.net/mortgage-payoff-calculator.html

🔹 Mortgage prepayment penalties: https://www.nolo.com/legal-encyclopedia/when-are-prepayment-penalties-allowed-new-mortgages.html#:~:text=Federal%20law%20prohibits%20some%20mortgages,paying%20off%20the%20loan%20early.&text=If%20your%20lender%20can%20charge,come%20thanks%20to%20federal%20law

✨ For the best mortgage education on YouTube, click here to subscribe to my channel: http://bit.ly/SWYTSub

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🏡 Join "Homebuyer 101: The Ultimate Mortgage Course," my course that takes you step-by-step through the mortgage process 👉 https://massive-mortgage-education.teachable.com/p/homebuyer-101

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With 18+ years of experience as a loan officer, Stephanie Weeks founder of The Weeks Team and has ranked among the top 1% loan officers in the nation several years running.

Interested in working with The Weeks Team to get a home loan? 🤝

They are your one-stop mortgage resource for anyone who is looking to buy, sell, or refinance residential properties in Louisiana, Mississippi, Alabama, and Florida.

👉Learn more at https://www.weeksteam.com/

(Stephanie’s NMLS#97116 and the branch NMLS#49604)
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Видео Pay Off Your Mortgage Early | Or SHOULD You? | Should I pay off my mortgage канала Mortgage Education with Stephanie Weeks