How to Pay off your Mortgage in 5-7 years: The Ultimate Guide

Join our Membership Community- https://www.sirmoneymoves.com/united In this video, we're going to teach you how to pay off your mortgage in 5-7 years! If you're looking to save money on your mortgage, then this video is for you! In this guide, we'll show you step-by-step how to pay off your mortgage in as short a time as possible. By following our advice, you'll be able to save money and reach your financial goals much faster than you thought possible! Timestamps 0:00 - Intro 0:40 - How does a mortgage work? 1:23 - How much interest am I paying? 1:52 - How much of my mortgage payment goes towards principal? 3:06 - Why most people never pay off their mortgage 3:25 - How do I build equity in my home? 3:45 - What happens when you refinance your home? 4:47 - When does most of my mortgage payments start going to the principal? 5:41 - How can I pay my mortgage off faster? 6:09 - What is a HELOC? 6:29 - How much can I borrow in a HELOC? 7:05 - What I paycheck parking? 10:27 - How do you pay your mortgage with a HELOC? 13:03 - How to pay off your mortgage in 5-7 years 13:39 - How much interest will this strategy save me? 13:55 - HELOC vs Extra Principal Payments 15:26 - How soon can I pay off my mortgage with additional principal payments? 15:49 - What are the risk involved? 17:22 - Conclusion 🎓FULL LIVING TRUST ONLINE COURSE https://home.sirmoneymoveslife.com/we... 👨🏾💻SIRMONEYMOVES WEBSITE https://sirmoneymoves.com/ 👨🏾💼FREE LIFE INSURANCE CONSULTATION https://home.sirmoneymoveslife.com/yo... 👨🏽⚖️FREE 30 MINUTE TRUST CONSULTATION https://www.sirmoneymoves.com/living-... 👔SET UP YOUR LLC https://bit.ly/SirmoneymovesLLC 🎥 CONTENT CREATION GEAR: Camera - https://amzn.to/3ZR9W0Q Camera Lens - https://amzn.to/3UnNqLZ Microphone - https://amzn.to/3Gsbtn0 Lighting - https://amzn.to/3KHgsCW SD Card - https://amzn.to/41aPjh9 Tripod - https://amzn.to/3KHgOtg 🔥TOOLS TO GROW YOUR YOUTUBE PAGE TubeBuddy - https://www.tubebuddy.com/Sirmoneymoves Vidiq - https://vidiq.com/sirmoneymoves 🔥SUBSCRIBE TO THE CHANNEL    / @sirmoneymoves   🔥SHOP MY AMAZON STOREFRONT https://www.amazon.com/shop/sirmoneym... 🔥SOCIAL MEDIA Instagram - https://instagram.com/sirmoneymoves?i... TikTok - https://www.tiktok.com/@sirmoneymoves... 🔥FREE CONSULTATIONS https://liinks.co/sirmoneymoves 🔥EMAIL [email protected] DISCLAIMER: I am not your financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments. I get commissions for purchases made through links in my video description box. Thank you for watching!