Why Homeowners Won't be Able to Pay Off Their Mortgage

Are homeowners facing a future where they can't pay off their mortgages? In this eye-opening video, we explore the growing challenges that could prevent many from achieving mortgage freedom. With rising interest rates, stagnant wages, and increasing living costs, paying off a mortgage is becoming more difficult than ever. We’ll break down the economic factors and personal finance issues that are putting homeowners at risk and what this means for their financial future.

Join us as we discuss the potential pitfalls and share strategies to help you navigate these challenges. Whether you’re a current homeowner or considering buying a home, this video provides essential insights into the changing landscape of homeownership and mortgage repayment. Don’t miss out on this critical discussion that could impact your ability to secure financial stability and achieve debt-free living. #MortgageChallenges #HomeOwnership #FinancialSecurity #DebtRepayment #EconomicTrends #MortgageTips
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**DISCLAIMER** The suggestions, advice, and/or opinions that are given by Sam Kwak and Daniel Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold The Kwak Brothers and its brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based on experience.

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All mortgages are paid in full the moment the buyer signs the agreement with the lender! Your signature is a security and by signing you are authorizing the lender to access your LEGAL NAME TRUST (account that you didn't know existed until today) and take out YOUR money and then pretend to loan it to you and they want it back with interest.

As Henry Ford once said and I quote "It is well enough that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning".

[michaeln]

Any ideas why they don’t teach this in school? Because they want us dumb. Everyone must go to college and everyone must own a big house with a big mortgage and a new car.

[louisfain]

This is information is incomplete. If you sell your home with $400k and 20 years left on the loan and paid $3000 monthly. If you buy another house with $400k with the same interest rate, it’ll be 30 years again but with less monthly payment. Now if you insist on paying $3000 a month anyway, you’re essentially continuing from your previous loan.

[lfroglfrog]

If u make 1 extra payment every year, U CAN CUT UR MORTGAGE TIME BY 10 years…..

[phyllissong]

I'm in a similar situation - I bought my home a few years ago with a low rate, but I'm not sure if I'll be able to stay in it for the next 30 years. Do you have any advice for homeowners who are considering moving soon but are worried about starting over with a new mortgage?

[ShephardInvestments-oz]

The math is a little off, but I get what they are trying to say.

[FreeUrMindz]

Sorry if this is dumb question BUT: if you do move at that 7 year mark would this interest/principal graph get you back to original point IF you dumped all your equity money back into the new loan as opposed to starting over with say the general original %20 and then simply paying monthly dues etc? Would this be the go around if one had to move or am I over simplifying this? Thanks....love your channel btw!

[DxModel]

I would never pay off my mortgage early ever! Extra money I would put into SP500 index and in 30 years it likely will very ahead than the interest you’ll save.