This is a YouTube video titled "Pay Your Mortgage Off Faster #mortgagepayoffplan #velocitybanking #faithandfinance #debtfreedom" containing a financial advice talk focused on strategies to pay off a mortgage early, explaining the benefits of extra payments and cash flow advantages. The content features a single speaker providing detailed mortgage payoff calculations and advice.
If you made extra payments of $1,500 a month, religiously, consistently, you'll pay your mortgage off in 12 years and two months. So instead of paying $806,000, you would have paid a total of $545,858.63. So that is a tremendous savings, no matter what. Comparing someone just making mortgage payments, not investing, compared to someone that says, I want to pay off my home early. And when you pay off your home early, what does that do? You get access to cash flow on a guaranteed basis. So one of the arguments for paying off your mortgage early that you'll hear other content creators and even like myself in this example here, would say, hey, you have a guarantee here. If you pay off your mortgage early, you're guaranteed a certain amount of cash flow. When it's all said and done.
