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This is a must listen to show. David spends almost an entire hour on this all important topic. When it comes to the topic of Mortgages, David often turns conventional wisdom on it’s head.
Hit the play button above and Tune in to learn the answer to these questions. (and many more)
The answers just might surprise you.
True or False?
1. A large down payment will save you more money over time than a small down
payment.
2. A 15-year mortgage will save you more money over time than a 30-year
mortgage.
3. Making extra principal payments will save you money.
4. The interest rate is the main factor in determining the cost of the
mortgage.
5. You are more secure having your home paid off than 100% financed.
The way you go about paying off your home mortgage is of utmost
importance. Most Americans are accumulating alot of money in their home. For
most people, it’s even more than their qualified pension plan. How you decide
to pay for your home, can prevent you from transferring money unknowingly and unnecessarily.
There are hundreds of reasons not to have a mortgage, what are the top three reasons one chooses to have a mortgage?
Inflation is a major consideration when considering how you pay off your mortgage.
Is your home a good place to park your money?
After you listen to this Podcast you will know the answer to these questions and more. Learn why a great rate on the wrong mortgage strategy can be a half a million dollar mistake. Literally!
David Lukas is an active loan officer and can be reached at David@DavidLukas.com or by calling 501-588-7670. Also be sure to visit www.DavidLukas.com
