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How to Pay off Your Mortgage in 6 to 8 Years

Wealth Habits of the Rich That Will Save You Thousands
Narrated by: Paul Stefano
Length: 1 hr and 52 mins
3 out of 5 stars (7 ratings)

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Publisher's Summary

Want to pay off your mortgage and be out of debt? This book has the solution. It's full of valuable ideas and examples that others have used to eliminate their mortgage debt in just a few years. You will learn how to minimize expenses and plan your pay off strategy in an organized and practical manner. What do banks offer as a solution? Most banks only give you one option which is basically to send your payment every month for the next 30 years. Yes, you will have paid off your mortgage by then but there's a better way. A faster way and easier way that requires simply planning for what needs to be done. Do you have a 30-year mortgage? Do you have credit card debt? Do you make insurance and property tax payments? If you answered "yes" to any of these questions, you can seriously lower your mortgage debt and the time it takes you to pay it off. If you answered "no", there's still other options that are explained in detail. 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.

©2017 Joe Correa (P)2017 Joe Correa

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not useful in the real world

this book doesn't take into account inflation and simply advises you take a shorter mortgage and get a room mate and pay more. and advises you put extra money in a savings account... it seems like you will not have a mortgage but also no investments at the end of this plan.
save your 6 dollars there's better books taking into account real life conditions.

1 of 2 people found this review helpful

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  • J ABU
  • 03-09-19

Good but dry

essentially, reduce your mortgage term to 15 years as the extra cost won't be too high but the benefit is massive.

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  • Anonymous User
  • 06-29-19

very basic

the book is very repetitive. The short version, get a 15year home loan and put as much savings onto the loan as possible. yawn