#47 - Paying Off Your Mortgage: Is It Worth It?
Replace Your University
English - June 22, 2023 16:00 - 12 minutes - 11.2 MBInvesting Business Education heloc mortgage homeequitylineofcredit michaellush realestate replaceyourmortgage Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: #46 - Refinancing a Home with Rocket Mortgage
Next Episode: #49 - How Knowledge Transforms Lives
In this episode, Mike shares his experience refinancing his mortgage using a home equity line of credit strategy. He discusses his property in Tennessee valued at $500,000 and his desire to reduce his interest rate from three and a half percent. Michael explains how he plans to take out more than $400,000 to have additional availability on his line and pay off his loan quickly by dumping his money into it.