ilmscore | Mortgage Payoff Strategy Predictions
Mor

Mortgage Payoff Strategy

Topic
N/A
Accuracy

Recent Predictions

Total: 3
Correct: 0
Incorrect: 0
Pending: 3
Unrated: 0
Prediction
Author
Predicted at
Status
Video
Paying a bi-weekly mortgage payment instead of monthly on a $500,000 loan at 7% interest can save over $150,000 in interest and pay off the mortgage 6.5 years faster.
"if you take a monthly mortgage payment $ 3,226 a month and you divide it by two which is $1,632 and ..."
Minority Mindset Minority Mindse...
Jun 18, 2024
Pending
6 Ways To Start Inve...
When paying down a mortgage early, ensure additional payments are applied directly to the principal balance, not to the next month's payment.
"if you are sending additional money to your lender to pay down your mortgage faster make sure the ad..."
Minority Mindset Minority Mindse...
Nov 15, 2023
Pending
Before You Pay Down ...
The speaker would not prioritize paying off a mortgage early, instead choosing to invest the money due to typically low mortgage interest rates and to maximize time in the investment market for compounding and long-term growth.
"personally in my situation I would not pay off my mortgage right away instead I would choose to use ..."
Nischa Nischa
May 21, 2023
Pending
ACCOUNTANT EXPLAINS:...