Should You Pay Your Mortgage Faster ? (The truth)

In today's video, I'll talk about whether you Should You Pay Your Mortgage Faster or not. For this, we will analyze if it is convenient to pay the penalty for the total mortgage payment, all this by analyzing the 1098 form and a mortgage payoff statement. Considering this, you will learn to calculate the total amount needed to pay off your mortgage debt and what is the best decision for you depending on your situation (whether you have a residential or commercial mortgage).

This is an addition to the mini-series of paying your mortgages fast, below you will find links to the previous videos. Happy learning!

🎥 VIDEOS COMPLEMENTING THIS ONE
How To Payoff Your Mortgage Faster - Untold Tips 👉 https://youtu.be/arRPpGlz1to
How To Payoff Your Mortgage Faster Without Spending an Extra Dime 👉 https://youtu.be/todU7vGh844
How To Pay Off Your Mortgage Faster Using Your Own House👉https://youtu.be/cSJpI0D6lKo
What To Expect When Paying Off Your Mortgage Fast? 👉 https://youtu.be/aUroNLqjibg

▶️ PLAYLIST COMPLEMENTING THIS ONE
Paying Off Your Mortgage Fast - Tips To Save Money and Years👉https://www.youtube.com/playlist?list=PLbg0ENts-e2uVb4yZ_R86H5pp61xO-A75
All About Business Credit Playlist 👉https://www.youtube.com/watch?v=dVtOEoKP8b4&list=PLbg0ENts-e2sznkpSyI-K9-rRcE3JppZh
Going From 0 to 24 Properties Playlist 👉https://www.youtube.com/watch?v=Z2yubZzAIFI&list=PLbg0ENts-e2uUWnT-xF_fOk0ygj-pXXHN

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⏰ TIMESTAMPS
0:00 Should You Pay Your Mortgage Faster? (The truth)
1:30 Breakdown of mortgage payments
2:01 What is a 1098 form?
2:38 What information is on a 1098?
3:17 What is amortization?
3:57 How does a mortgage payment breakdown?
6:03 What is a payoff statement?
7:40 How much does it cost to pay off a mortgage?
9:06 What is a pre-payment penalty fee?
9:33 What is a county recording fee?
9:46 How much would it cost to finish paying my mortgage?
10:00 How much pay off mortgage fees are?
10:17 How to save money paying your mortgage
11:44 What to consider when paying your mortgage earlier
📄 DISCLAIMER
***DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL AND ILLUSTRATIONAL PURPOSES BASED ON THE INDIVIDUAL EXPERIENCES OF THE PRESENTER. EVERY SITUATION IS DIFFERENT AND YOUR RESULTS MAY DIFFER. YOU SHOULD ANALYZE THE RISKS ACCORDINGLY BEFORE PROCEEDING TO TAKE ACTION***

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