EP92: Pay Your 30-Year Mortgage in 5-7 Years on Your Existing Level of Income - with Jordan Goodman
Money Peach
English - May 03, 2018 05:00 - 41 minutes - 29.2 MB - ★★★★★ - 150 ratingsEducation Business Investing budget debtpayoff entrepreneur financialfreedom investing money moneypeach peach savings Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Jordan Goodman is a rockstar. You may have heard of him as America’s Money Answers Man and seen him as a regular CNN, Fox Business and radio segments across the country.
Jordan is referred to as the answers man because of his expertise on all things money, but I wanted him to come on the show for one reason and one reason only: The Equity Optimization Strategy
Jordan walks us through step-by-step how to pay down your 30-year mortgage in as little as 5-7 years using a HELOC.
Now, I am sure you’re waving red flags, and you definitely should be. I was too.
Therefore, I made sure Jordan broke it down step-by-step and I even had to ask him to explain it three different ways so we can all fully understand this strategy.
Here are just a few things we mention inside this episode:
Countries such as Australia and Japan already use this method of rapid mortgage acceleration The reason it works is because mortgages used amortization schedules and HELOCs are based on average daily balance You must have some equity in your home now You must have a positive cash flow (income) Why the banks will not like you after thisAll the show notes, links and anything Jordan and I mentioned can be found at https://www.moneypeach.com/session92