How to Pay off a 30 Year Mortgage in 5 Years on a Basic Income

Hey TeaEOs!

So you wanna know how to pay off a 30 year mortgage in 5 years? You must've been an over achiever in school because early mortgage payoff is freaking hard! If you want to know the hacks on how to pay off your mortgage earlier you have to understand that it's going to require a lot of cash and a lot of patience, but it can be done. This video talks all about how to payoff your mortgage quickly and other money saving tips to make your mortgage payoff journey easier. So, if you want the tea on paying off your mortgage in 5 years then watch the video!

Thank you for watching!!

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[tash]

Last payment just cleared and now mortgage free. Paid off mortgage in 8 and 1/2 years!

[engrmom]

I have 11 months left. This time next year I'll be mortgage free!

[skoopqueen]

Paying off my mortgage early was a pivotal financial move for me. By strategically allocating extra payments, I saved thousands in interest and freed up cash for more investments. It's about optimizing your finances and making your money work for you. Financial freedom is within reach for anyone willing to take the right steps.I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future..

[Riggsnic_co]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[economicdevelopmentplannin]

I tell the young kids in my family to all live together.
I will help them buy like 5 bed bath suite house, 10 twin XL beds, and Payoff within a year. Then build scalable businesses together.
Then use their extra wealth through life to help younger kids in the family do the same thing.
Virtuous cycle, ❤

[concesi]

I started my payoff journey in may 2018. I had 200k and in doing this all by myself I have worked two to 3 jobs consistently and as of today my loan is now down to 22k I will be done by May 2023 at the latest if not a couple months sooner. It is possible it’s just if you’re disciplined enough and willing to make short term sacrifices. I can’t wait to know what it feels like to pay myself rather than be the messenger to the banks.

[dhenukarangam]

Thank you this is the first video where i understood clearly on where my mortgage payment is going .. keep doing more of these videos 😊

[plantsthewin]

started at 294000 down to 168000 bought in 2020 plan to be fully paid off in 2023. Beans and rice rice and beans..good thing Im already vegan 🤣

[MrPokemon]

Paid off 170, 000 house in 3 years.
Best choice I ever made.

[crazycdn]

Paid it off in just under 4 years. But it was only $280, 000ish, not $750, 000 ;)

[MrTBII]

We just purchased a home with a 30yr mort, but plan on treating it as a 15yr by doubling up our monthly payment each month and using any large sums of money we receive (i.e. work bonus and tax returns). We also purchases a home well beneath our means.

[giovannybobadilla]

You were pressed with the Jones’ for real 😂😂😂 I definitely subscribed. I like your vibe 🌀 I’m going to have to check out your other videos as well as future videos 🔎👻

[lauraa]

Why don’t we have this being taught in schools.

[dozierc]

I love your videos, they are informative and funny. One of the many reason I subscribed. Like you say at 0:49 the more you know. Yes I recognized that tune 😂😂😂😂

[dimitrigreen]

😂🤣 I like the content and information. The Pappadeaux reference though 😂😂

[ZedGirl]

I refinanced in Fall of 2019 for 101K for 15 year. Plan to be finished by end of 2024. Applying extra $200 to principal monthly, paying 1 extra principal mortgage payment in December and chucked $6K payments the last 2 Augusts (2022 & 2023). I am right around 52K. I'll keep chuncking using my 0% for 12 months cc & hope to reach my goal of removing my mortgage by then. I have a 50K HELOC but I don't want to use it to replace my mortgage just yet. Still need some room in case of emergencies. ❤🎉

[nickledimez]

Good video and presentation. Thank you! Mort means death and gauge means grip. The grip of death!

[danicha]

Im trying to pay off my mortgage in three years. I send in a principal payment every Monday.

[carleengates]

Yes, I am on my own journey to pay off my mortgage.

[jayk]

great video….I’m about to pay it off at the end of 2022 December. In 11 years for me. Paying extra a month every month helps. It’s how I did it. Good luck and be blessed 😊