Paying off mortgage fast!!??

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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?

Sold: Updated Stylish Home in Sunnyside Happy Valley

Stunning and stylish home with vaulted ceilings backing to private parklike green space!

Enjoy living in a lovingly cared for home featuring sun room, master suite, living room and den with sunroof; gourmet kitchen with slab granite, new stainless steel appliances, gleaming hardwoods; amazing living spaces with soaring wooden beams to relax and entertain; and fenced yard with cedar deck.

Inside a quiet and friendly neighborhood and located on a culdesac with mountain views. Convenient to Mt. Talbert, shops, restaurants.

Make this your home!

11453 SE Hazel Hill Road, Happy Valley, OR 97086, $525,000 Exclusively listed by Shawn Realty, Sunnyside Happy Valley Listing Company

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Sold: Easy Living at this Affordable Condo

Enjoy the Pearl in an affordable condo across from Tanner Springs Park. Uniquely located on the elevated, gated courtyard level. No units below and has the largest patio (266 square feet) to entertain and relax. South and west-facing sunlight warms the rooms. The den/office can be a guest room (has a murphy bed). Deeded parking space and storage. Secure building with amenities such as: gym, community room, bike racks. Walk to restaurants and shops, a riverside trail, MAX/streetcar, and parks (including an off-leash dog park). Easy living!

1125 NW 9th Ave #228, Portland, OR 97209, $339,900 Exclusively listed by Shawn Realty, Pearl District Lexis Condo Listing Company

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