How to pay off your mortgage in 5 - 7 years

Ever thought about paying off your mortgage in just 10 years instead of 30?

Ed from Property Now explains how you can make this a reality, saving massive amounts in interest, all without falling for expensive courses.

This episode of Property Now breaks down simple yet effective methods to speed up your mortgage repayment, ensuring you're building wealth faster.

Get ready to change the way you think about your mortgage with Ed's expert insights and real-life account demonstrations!

Book your portfolio planning session & create a plan with a financial adviser.

#propertyinvesting
#mortgagetips
#mortgages

[paDlmHer]

Awesome video. These ads are all over my social and I had a suspicion that this was all they were doing. Appreciate this sort of information going out there. Cheers!

[sebastian]

Thanks for your help! There’s no secret sauce when it comes to this sort of stuff its just hard work!

[tommckenzie]

Great video! Well presented and very clear. I've always wondered what those ads were about.

[joedirt]

Thanks Ed! Another great video. Much appreciated!!

[flugelblarghen]

Oh, so I just need to have enough money to afford extra mortgage payments. Why didn't I think of that? So glad that the only thing that increases over time is my pay and not things like gas, electricity or food

[Peugeot-uqvy]

Things like this is why we have trusted OPES to guide us on our property journey.

[Greeno]

Love your videos!! Thank you so much for this one 😊😊 Love the intro. I wasted an hour on one of those webinars - what a complete waste of time

[franklin]

Very appreciative of you running a video highlighting this is a scam and giving the info away!

[Mat-mswq]

Most people's pay goes up by around 4% each year, but inflation goes up more than that. So suggesting that people have an extra 4% of their pay available really just isn't true.

[ahv]

Very useful, thank you. So, is it better to collect all your saving at the end of the year and put it to your main mortgage rather than increasing your revolving credit?

[AndyFodor]

Appreciate the video! ❤
I’ve watched a lot of these videos and still don’t see the benefit of depositing money into the mortgage if it’s already sitting in the offset doing its job? Is it just to avoid being tempted to spend the offset?

[rebekahsprlyan]

Nope, no pay rise, but multiple interest rate rises! So I used to pay an additional $100 a week, now I can’t afford any extra 😢

[SamW-jpbc]

Okay, but the same year you get a 4% pay rise, the cost of everything is up by 4% from last year due to inflation (by design). So you’re going to have to make cuts to your lifestyle somewhere.

[sarahmackenzie]

So what do you live off if your weekly pay is sitting in the mortgage offset acct?

[JR-ftuo]

Whats the difference between having an offset for your revolving credit account vs just having all your money go into your revolving credit account?

[ns]

Awesome video Ed. You're gonna save a lot of people thousands of dollars and disappointment.

[giovannip.]

When you buy a home, try and get a home which you can get a flatmate or two.

[fdr]

You have just made a client for life. Thanks mate. I actually listened to one of those adverts and smelled a scam. Luckily I didn't buy into it.

Keep up the good work!

[PsychOut]

Why do you need to create a second mortgage account for the offset? Can't you just leave the money in an offset on the main mortgage? Also why do you need to pay off the mortgage periodically instead of just leaving it in the offset doing the same job?

[davidcollings]

Isn't there an extra to the revolving credit method, where you pay for everything for the month on credit card, and then pay it off fully at the end of the month. Therefore not paying any interest on your credit card and as your income is sitting in your revolving credit account it also offsets interest in that account that you would otherwise pay.