Paying off your mortgage in 5 to 7 years can help you change your life. Find out your mortgage options here:
SUMMARY
In this video, Dave shares how to pay off your mortgage early. Dennis in Charlotte, North Carolina, just bought a house with a 30-year mortgage and a 3.6% interest rate. He’s considering refinancing to a 15-year mortgage and taking his money out of mutual funds in order to pay off his mortgage fast.
Dave suggests refinancing to a 15-year mortgage to reduce Dennis’ interest rate, which would save him money in the long run. This means Dennis could pay off his mortgage in 5 to 7 years!
If you want to get serious about paying off your mortgage early, you have to commit to paying a little extra on your regular payment in order to put a dent in your principal balance. Adding even just one extra payment each year can take years off your mortgage!
RESOURCES
Use Dave’s Mortgage Payoff Calculator to see how fast you can pay off your mortgage:
Get some ideas on easy ways to cut costs and pay off your mortgage in 5 to 7 years:
Have other questions about mortgages? We’ve answered them here:
THE DAVE RAMSEY SHOW
The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country! Watch video profiles of people just like you as they call in from Ramsey Solutions to do their debt-free scream live. The show streams live on YouTube M–F from 2–5pm ET! Watch here:
Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!
Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at:
Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!
Ramsey Network (Subscribe Now!)
• The Ramsey Show (Highlights):
• The Ramsey Show (Full Episodes):
• The Dr. John Delony Show:
• The Rachel Cruze Show:
• Anthony ONeal:
• The Ken Coleman Show:
• The Christy Wright Show:
• EntreLeadership:
source
