Paying off mortgage fast!!??

In this video, I’m sharing 3 ways to pay off mortgage faster. Also, I talk about why you would want to pay off the mortgage fast and when you wouldn’t want to do that. It depends on your current “life stage” and your financial goals. The answer isn’t as black and white because every individual’s situation can be different (just like in every finance situation). But, I’ll try to make it easier to follow.

  1. Current monthly payment + Extra (example $200/month): 25.3 years to pay off and save $96,125.72 in total interest payment.
  2. Bi-weekly payment: 26.5 years to pay off and save $71,607.82 in total interest payment.
  3. Bi-weekly payment + Extra: 22.4 years to pay off and save $153,334.14 in total interest payment.

Based on loan amount $400,000, 3% interest rate, 30 year loan payment (principal and interest)

Financial calculator:
Property evaluator:
Here’s my book recommendation on real estate investment. Hold by Gary Keller:
Other Youtubers I learn from:
Graham Stephan: BiggerPockets:

Active investor (should-be-active investor): I mean that if you are under 35 years old and making income and want to invest for the next 20+ years and take some risks because the longer time in the market can overcome shortcomings. There are better ways to use extra income toward other investments rather than paying toward your mortgage, such as stock or the real estate market. If you can make +7% in your other investments and pay 3% toward your mortgage, your net gain is 4% which is obviously better.

Passive investor (want-to-retire-soon investor): someone who has been investing for a while and additional investment is not necessary; you might want to pay down the mortgage faster, so you can reduce monthly living expenses. Or you just want peace of mind. If you lose sleep because you are worried about your investment losing value, no matter how great that portfolio might be, you wouldn’t want that. At least, paying off mortgage faster can work as paying 0% than -3% that you pay to the lender.

Opportunity cost: That extra $200/month can go toward paying down your mortgage faster or invested toward something else that can yield more return. The more time you have, the better it will work for you. Because of the compound effect that gets amplified by time in positive or negative directions.

  • Want to schedule a meeting to talk about your strategy?


I hope you watch this and really compare lenders to save yourself money now and for the next 30 years when purchasing a home. If you are buying with cash, you don’t need to watch this.  But about 80% of buyers probably would be getting some kind of mortgage loan.

As a real estate agent, I work with many different loan programs and lenders for buyers and sellers. This approach (email template) was created by trying to help a buyer who wanted to find the best deal, so I drafted this email to help the buyer. 

Send this early in the morning to lenders that you are comparing.  Legit and experienced lenders will get back to you the same day. 

I hope you get the best deal on your purchase loan!

Here’s an email template to compare the lenders for you:

Hi ____

Can you please send me your most accurate estimate of the lender’s fees and closing costs?  

Based on $xx purchase price and $xx loan amount and no points:

1. What would be the rate as of today (July 1st) that I can get? Assuming I have a 700 (or your approximate credit score) credit score…

2. Monthly payment (principal and interest) without tax and insurance?

3. Assuming 30 year, what would be the total interest paid for the life of the loan? 

4. Total lender fee (not including recording, appraisal, title insurance…)?  The fee that the lender takes. 

5. Total closing cost (not including escrow fee, tax reserves, insurance and other prepaids)?