@melissacondensa: 🚨 Banks hate this trick 🚨 🏡 Cut 10 years off your mortgage & save $100K+ in interest 🤯 👉 Take your monthly P&I payment, ÷ by 5 (varies by interest rate) and pay that amount extra toward principal only each month. No refinance. No closing costs. Just faster freedom. 💡 #MortgageHack #MoneyTips #HomeOwnership #WealthBuilding #DebtFreeGoals
this is how I paid off my first house by age 36 on a 40,000 per year income. now, property #2 is almost paid off.
2025-08-30 02:01:01
187
summitnl13 :
Work in Canada ?
2025-09-04 10:25:10
0
Basic M ❌ :
In Feb 2006 I got a 30 yr mortgage. I divided the monthly payment by 12 and added that to my monthly payment. May 2025 I paid the house off. 19 yrs & 3 months instead of 30 years. I made sure there was no prepayment penalty.
2025-08-29 00:06:40
290
Jaclyn :
why divide by 5? did I miss something?
2025-08-28 20:02:26
10
Watserface :
It's not a trick, or a hack, or magic, you are just paying more money which pays your loan off early. It's just math.
2025-08-28 16:33:10
40
Zach Downs :
Is that 5 extra payments for the year totaling one extra PNI payment, or dividing PNI by 5 and paying that amount all 12 months?
2025-09-03 23:42:17
0
Tina :
How about a 15yr loan
2025-09-03 22:59:14
0
MI(CHELE)🐯🌀 :
How do you do that if your payment is automatically deducted from your checking account?
2025-08-29 08:19:25
1
Keem Ibarra :
So I just gotta come up with an extra $627 a month? Rather take that and invest into my retirement. In 30 years I’ll have $1.8m AND a paid off home
2025-08-29 21:23:20
34
userBabbette :
I did this and paid off a 30 year mortgage in 14 years at 8 1/2%
2025-08-29 04:05:10
32
Shay :
I could afford to pay extra if my taxes and insurance wasn’t a $1,000 a month 😡😡😡😡😡
2025-08-28 11:55:22
163
Venus :
Girl not everyone could afford that additional $360.
2025-08-29 00:56:45
13
PrettyGirEra :
Can this be done for a car loan?
2025-08-29 22:50:59
0
golfhead0 :
Why divide by 5? Where did the 5 come from.
2025-08-29 19:41:40
6
Brian Shaw :
“Mortgage experts “ acting like we have hundreds of extra dollars laying around
2025-08-28 14:37:13
19
Ladymarie362 🇺🇸 :
Where can we find you if tt goes away?
2025-08-31 17:33:28
2
Bob :
can you make a lump sum payment on the principal? Or only month to month?
2025-08-29 12:34:23
1
Devil dog :
Only need $720 to make this happen 😂🙃. If I stopped my investments, I could make this happen. But I've returned about 36% on my investment. 👀
2025-09-03 19:15:10
0
Daniel P ☺️❤️ :
Pay your loan off in under seven years. Get a 10 K personal loan and put that towards the principal. Then put all your money into paying off the loan, and continue to use it to pay all your bills at the same time. If you bring in 5K and spend 4K, it will take you 10 months to refill that 10 K at that time use it again to throw it against the principle. Follow this method and you’ll pay the loan off in seven years.
2025-08-28 13:26:17
2
HBIC :
how about a car payment 🥺
2025-08-29 13:07:56
1
Sophiagrace2005 :
did the same cut down 20 year on my 30 year mortgage.
2025-08-28 11:36:48
12
AngelaVrn :
they won't let me do that.. I've tried
2025-08-29 12:59:21
1
Debe :
I’m only able to put $100 extra a month, but that’s saving me 3 years in interest!
2025-08-28 19:05:13
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