“The True Cost of Your Mortgage Debt”
Part Three
How To Save Money Without Refinancing

You may have heard that sending extra money to your
mortgage is a good idea.

It’s not just a good idea,
it’s a great idea.

It’s not just a good idea,
it’s a great idea.
(With one little catch)

If you had an extra $5,000,
where would you get the best return?

$5,000 invested in:
US savings account @ 2% interest per year = $100

$5,000 invested in:
US savings account @ 2% interest per year = $100
Certificate of Deposit (CD) @ 5% interest per year = $250

$5,000 invested in:
US savings account @ 2% interest per year = $100
Certificate of Deposit (CD) @ 5% interest per year = $250
Mutual Fund or US stock 7-12% per year = $350-$600

But if you apply that same $5,000
to your mortgage?
$200,000
@ 6%
for 30 years

You cancel $23,303 of interest.

You cancel $23,303 of interest.
A no-risk guaranteed return of
466%

That’s like depositing $5 dollars into your account at the ATM

That’s like depositing $5 dollars into your account at the ATM
and getting back $23 dollars.

And it gets better.
(finally!)

That $23,303 represents
almost 6 months of your income
you don’t have to spend on interest.

It also represents
2 years of interest payments
you don’t have to make.

You have also reduced your debt
and built equity in your home...

and cut almost 2 years
off your 30 year term.
Equity Int. Paid Total Paid
Year 28 $200,000 $208,373 $408,373

Now you’re getting somewhere.

Except for one thing.
(I warned you there was a catch.)

The $5,000.

Where does the extra money come
from?

Bonuses?
Overtime?
Tax refund?

There’s the other catch.

There’s the other catch.
Life happens.

The car breaks down,

The car breaks down,
you have a medical emergency,

The car breaks down,
you have a medical emergency,
your kids want to go to Disneyland,

The car breaks down,
you have a medical emergency,
your kids want to go to Disneyland,
you need an anniversary gift for your spouse,

The car breaks down,
you have a medical emergency,
your kids want to go to Disneyland,
you need an anniversary gift for your spouse,
your credit card bills are due,

The car breaks down,
you have a medical emergency,
your kids want to go to Disneyland,
you need an anniversary gift for your spouse,
your credit card bills are due,
you owe taxes, etc...

...and before you know it,

...and before you know it,
the extra money is gone.

Without extra money to pre-pay your
mortgage,
you’re dead in the water right?

Wrong.

You don’t have to choose between taking
care of your family and getting out of debt.
You can be a financial super hero.

Imagine...

Don’t imagine it.

Don’t imagine it.
Do it.

Next:
“The True Cost of Your Mortgage Debt”
Part Four
Financial Freedom
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