Getting Mortgage-Free Faster
All of us dream of retiring at a reasonable age with sufficient savings, a paid off mortgage and no debt so that we can enjoy the fruits of our earlier years’ hard work. Is this a reality today?
Unfortunately, rapidly increasing house prices, mortgage sizes, the cost of living, lifestyle pressures and our busy lives have caused the majority of people to either give up or not even consider being mortgage-free by the time they retire. To make the problem worse, financial institutions are not incentivized to help their clients become mortgage-free; instead, these institutions’ profitability depends on their borrowers being indebted for longer.
Mortgage-free myths that became lessons:
Here are five lessons that we have learned that either limit or prohibit clients from paying off their mortgages faster. On the surface they all seem to be positive mortgage-free contributors, but from experience, we have discovered they actually do the complete opposite.
Real mortgage-free plans that work:
Now that we know at least five mortgage-free myths, let’s look at some factors that give you a lot better probability to be mortgage-free faster.