How To Pay Off Your Mortgage Early

Are you trying to figure out how to pay off your house early? Society has its own strategy but we're here to talk about Kris Krohn's tried-and-succeeded strategies to make that 30-year game into a 5-year game.

Time to skip that traditional methodology and into the fastest way!

Watch and Enjoy!
Kris Krohn & Nate Woodbury

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MUSIC
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Tobu - Infectious
Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0

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Video by Nate Woodbury (The Hero Maker)

[Markscott]

I have a 3% mortgage interest rate and suddenly became liquid from the sale of a business and i am confused if i should pay off my mortgage or invest in the stock market.

[mariceldb]

We did it the old-timer’s way, added a 100 or two towards the principal each month. Bonus..sleeping well at night.

[JustTheTip]

Bi-weekly payments (as opposed to once a month) are a great way to pay off a mortgage up to 5 years faster!

[vforvictory]

I didn't hear the five year plan kris.

[Xanatissimo]

Let's say, let's say, let's say....I hear to many of them... It's a house of cards.

[jeromej]

The presentation is about speculative real estate investing with risk. What does that have to do with paying off the mortgage in five years?

[ajv]

Thank you for the video. Question: What about the risk involved in an approaching down market, ? There’s talk about another real estate crash. How do you protect yourself from your primary residence’s bank from calling the HELOC and not foreclosing on you with your primary residence?

[simonlai]

How about a down market? When if you rolled it into 3 properties and they all are all at a loss even if you purchased them for 20% below market and the markets fallen further?

[jeffancelet]

Talk a little about the risks as well please. What happens in a down market? What happens when renters don't pay? Thanks.

[saaudahosein-ramroop]

what happens if your interest of your home is really low and a heloc will give you a higher interest rate? would that still work?

[MrEvanBacon]

How do you prepare for the possibility of not having renters in those investment properties? How much preparation do you need to cushion those hard to deal with scenarios?

[pshayes]

Terrible advice relying on market appreciation, with a nice little sales pitch at the end.

[sakimtornado]

Anybody can help me. Who would buy a house with outstanding mortrage of 20plus yrs plus the deposit?

[danielcachafeiro]

What happens with the new tax laws about the HELOC is not refundable if it is not invested on the same home?

[OurOregonlife]

What is not being considered is Taxes and Insurance which substantially effect this thought process. Not to mention escrow requirements.

[BluePerson]

Kris you got an email I can ask you a few questions mate?

[manny]

Seems more efficient to just buy a home at a conservative price and pay larger monthly payments toward it

[MrChazasaurus]

I'm still not clear on how to come about the investment property with a 20% discount.

[Red-xzgk]

This is something that people are already implementing in different parts of the world, and many metro areas like NYC. Some operate it by themselves and some use professionals to help manage.

But when you sharing this idea with YouTube audience whom you may not know about their risk tolerance and their investment knowledge level, I would suggest that you may want to state the assumptions made on the economic stability, rental market trend, taxes, maintenance obligations, cost of property and tenant management, geographic housing market growth, growth rate, the risks, investor risk assessment and the contingency plans of using this method.

sharing this investment idea to general audience without clearly explaining some of the most important considerations and potential risks is not the best nor the most responsible move in my opinion.

[VincentNoot]

The hardest part is the one why a lot of people don't or can't do it: Just find a house that's 20% off. So easy for an inexperienced regular dude, right? That's where everyone who hasn't been in real estate for a while gets stuck.