Are you looking at refinancing your mortgage?
Are you thinking it’s the best way to pay off your home faster?
Would you consider another option if it’s just as easy and saves you $10,000+ in interest?
Turns out, there’s a rarely discussed strategy to pay off your home in 5-7 years on average without any extra income.
I know that sounds too good to be true.
It sure did to me at first — especially as a mortgage banker for years.
So let’s dig into 3 key reasons this little-known option works and why you haven’t heard about it, even though it’s common in Australia and the UK...
You often have to pay thousands of dollars in penalties or sell your home to get your money! That’s terrible if your truck’s transmission suddenly breaks or your kid’s tooth cracks.
With the method I’m talking about, you just put your money in like you would with any other checking account. You can live your life knowing you can take your money out anytime you want.
Even better, every dollar you put in directly pays down the principal you owe. Which also slashes the interest you owe, letting you pay off your home far faster.
(As you’ve probably seen on your monthly statements, mortgages siphon off most of your payments early on into interest charges. It’s disgusting.)
The technique I’m talking about only charges you interest once each day, based on how much principal you owe.
No interest stacking up like a Tetris game gone out of control.
Refinancing into another mortgage keeps you stuck in compounding interest slavery for years longer than needed.
And since you’re under contract to send in those higher amounts like clockwork, you’re at risk of the bank seizing your home (foreclosure) if you miss a few.
Using this alternative technique, you can pay off your home much faster without any extra income because you’re paying so much less interest. It’s math, not magic.
So, I bet you’re wondering...
The banks make a fortune on mortgages vs. hardly anything on the approach I’m talking about.
With the average 30-year mortgage, you’re buying your home, plus one for your banker. The the math never lies.
That’s why I also put my own money where my mouth is… I ditched my mortgage and refinanced my home this smarter way.
(I did it with only 10% equity, and it can be done with even less.)
I’ve now helped thousands of others do the same, paying off their homes in 5-7 years on average without any extra income.
To give you a one-stop step-by-step guide to clarify whether this rarely-shared strategy is right for you, download my free ebook here.
Almost 10,000 Americans are downloading it every month. For your family’s future, I recommend you do the same.
Take care and God bless.