What Happens When You Pay a Lump Sum on Your Mortgage?

You can't eat your porch.

The money was spent when the mortgage was taken out!

My loan had 8.5 percent interest so I paid the lump sum I received from the money I lent somebody. If I invested it the most interest I can get is only 5 percent.

less talk, show some numbers. the money in the bank makes .5 percent. the mort. is 5%. the market pays 10% . ect. , not your best video for sure.

Takes the long road to get to a short answer.

You was out of your topic and was bowering

Just can wait here any longer. 👋👋👋

Whats with these financial guys? Do you like to hear yourself talk? Be concise, get to the point, no one wants to hear you babble on and on!

Talk too much and never answered the title of the video

Time wasted not answering the point

Never answered title on video what a waste of time

YOU TAKE TOO LONG TO GET TO THE POINT

Damn you for wasting our time.

Too much talk

Plus he's full of it. It doesn't matter what the house will sell for later if it's paid off. It's actually more of a problem if you don't pay off the house because then you continue to lower the value of your investment the more you still put money into a mortgage. Clearing the mortgage allow the value to stay competitive relative to what you paid. Plus most gurus are foolishly preaching that you'll be happy renting instead of owning a home. Have you heard that BS??

What he isn't telling us is that Wells Fargo & Chase are secretly buying up properties in the country with the agenda to force people to rent instead build ownership. That can't happen for them if they don't push the idea of renting and staying in mortgage. But to be wealthy you have to first get out of the land of payments. A big part of that is clearing your debt, and a mortgage is usually your biggest debt.

5 minutes into this guys video, I started thinking..... If I was in his office and he kept fumbling around I'de beat his head with the stapler. While shouting answer the damn question.

By the end of the video I knew he had no clue about what he's talking about

HELOC ISNT A FIXED INTEREST RATE!!!!

Total confusion. 😕 Wouldn't give this guy a dime to invest for me.

You talk wayyyy to much.

Make sure any maintenance is taken care of first like a roof and gutters.

Useless.Dont watch.Time waste 😢

To the point please. You are repeating yourself.

Wow this guy talked wayyyy too much.

Trash

😴

Always pay your self first

If I pay a huge amount like 75% of the principal balance all at once, In the first couple years of a 30-year mortgage, when does the amortization schedule change? Immediately or gradually? I thought that the rest of my payments will be going mostly to the principal but I'm still paying a lot of interest on the next bill