mortgage • real estate •
January 23, 2018
If you’re like many Americans with a mortgage, you’re probably looking for ways to pay it off sooner. You’re in luck! Below are some great tips to help you reduce your principal. Eliminating your mortgage debt faster. So that you have more money in your bank account for retirement, investments or a relaxing tropical vacation.
If you’re among the one-in-three lucky homeowners who have paid off their mortgage, forward this information on to family or friends who are seeking to pay off their mortgage debt. A mortgage is often the largest debt that one undertakes. As a result, many homeowners look to pay it off as quickly as possible. In addition to reducing overall debt, paying off a mortgage early enables you to purchase a second home or investment property. read the brochure below to see some of the tips that can help you pay down your mortgage quicker then you think.
Working to get out of debt?
If you are struggling with debt, many economists and financial planners have plans to help you plan to get out of debt. Try paying off your highest balance highest interest debt first. Then apply that payment to the next highest, and so on until your free from the yoke if credit card debt. Once you’ve cleared this debt, saving for the future is achievable. Leveraging your equity in your home has risks, but the upside can help you achieve your real estate goals.
My personal goal for real estate is to replace my current income with income from rental properties
. Then I will be free from working and can spend my time golfing and playing with my family.
In a future post, we can discuss the strategy of using real estate to replace your income. Being a landlord can have its draw backs, but so does working!