Most books give you general ideas as to what you can do to eliminate your mortgage debt but this book shows you how it’s done with real examples and solutions.
You will see how payments amortize, how much interest goes towards payments, and how much interest you will pay over the life of the loan when presented with different solutions.
Why is paying off your mortgage important?
Having a 30 year mortgage can be a blessing and a headache at the same time. Most people finance their first home while in their 30’s which means they will finish paying off their mortgage in their 60’s if not later. When you finally pay it off, you will have eliminated one of your largest monthly payments and you can now start saving a lot more than before. Guess what? You are around retirement age or coming close to it so what will happen to your income? Taking proactive steps towards paying off your mortgage sooner will change your life.