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How To Pay Off Your Mortgage Early And Save On Interest | Mortgage Payment Strategy

In this video, I talk about how to pay off your mortgage early and save on interest. Here are some of the benefits of paying off your mortgage early: 👉You'll save money on interest. The longer you have a mortgage, the more interest you'll pay. 👉You'll build equity in your home faster. Equity is the difference between the value of your home and the amount you owe on your mortgage. 👉You'll have more financial freedom. Once your mortgage is paid off, you won't have to worry about making monthly payments. Here are some tips for paying off your mortgage early: 👉Make a budget and stick to it. This will help you free up money to make extra payments on your mortgage. 👉Automate your payments. This will help you avoid missing a payment and incurring late fees. 👉Increase your monthly payments. Even a small increase can make a big difference over time. 👉Make a lump-sum payment whenever possible. This will save you the most interest. Paying off your mortgage early can be a great way to save money and achieve financial freedom. If you're considering it, I encourage you to do your research and talk to a financial advisor to get the best advice for your situation. ✅ Time Stamps: 00:00 Introduction 01:04 My Job As A Borrower 01:28 Amortization Schedule 02:04 Payment Distribution 03:13 How I Make My Mortgage Payments 04:06 Benefits Of My Payment Method 05:32 Inflation & Time Value Of Money 05:53 Other Payment Strategy I hope this video was helpful! If you have any questions, please leave a comment below. 🔔 Subscribe For More Useful Financial Tips: : https://www.youtube.com/@Finance-Made... Title: Mortgage Payment Strategy-Pay Off Your Mortgage Early And Save On Interest ✅ Stay Connected With Me. 👉 FACEBOOK:   / financemadeeez   👉 IG:   / financemade_ez   👉 TICTOK:   / finance..made..easy   👉 TWITTER:   / @financemade_ez   👉 THREADS: https://www.threads.net/@FinanceMade_EZ =============================== ✅ Recommended Playlists: 👉 Budgeting Like A Pro: Secrets To Mastering Your Budget & Boosting Finances | Finance Made Easy:    • Budgeting Like A Pro: Secrets To Mast...   👉 Effortless Budgeting: The Easiest Budgeting Spreadsheet You'll Ever Use:    • Effortless Budgeting: The Easiest Bud...   ✅ Other Videos You Might Be Interested In Watching: 👉 Why You Should Never Finance a Car, But If You Do, You Should Do THIS!    • Why You Should Never Finance a Car, B...   👉 The Best Way To Save For College? 529 Plan Explained!    • The Best Way To Save For College? 529...   👉 Florida Prepaid Explained! College Savings For My 6 Year!    • Florida Prepaid Explained! College Sa...   ============================= ✅ About Finance Made Easy. Financial tips on budgeting, investing, stocks, credit, saving money, debt management, and more. Everything that I share is based on my personal experience and should not be taken as financial advice. 🔔 Subscribe to The Channel Finance Made Easy your gateway to financial empowerment:    / @finance-made-easy   ============================= #payoffyourmortgageearlyabdsave #payoffyourmortgageearly #payoffyourhouseearly #howtosavemoney #howtosavemortgageinterest Disclaimer: We do not accept any liability for any loss or damage which is incurred by you acting or not acting as a result of listening to any of our publications. For all videos on my channel: This information is for general & educational purposes only. Always consult with an attorney, CPA, or financial professional for advice based on your specific situation. Copyright Disclaimer: Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use © Finance Made Easy. ~-~~-~~~-~~-~ Please watch: "How To Invest With $5 In 3 Simple Steps | Finance Made Easy"    • How To Invest With $5 In 3 Simple Ste...   ~-~~-~~~-~~-~