4 Ways to Pay Off Your Mortgage Early (Ugly TRUTH About Mortgage Interest)

Most people think their mortgage is just about the monthly payment—but that’s only part of the story. In this video, we break down the real cost of mortgage interest, how it’s calculated, and how much you’re really paying over the life of the loan. Then we dive into 4 proven strategies (plus one powerful bonus tactic) to help you pay off your mortgage faster and save tens—if not hundreds—of thousands in interest. No gimmicks. No refinancing needed. Just smart, actionable steps you can take starting today.

Whether you're a first-time homebuyer or 5 years into your mortgage, this guide will help you understand how amortization works and how to beat it.

Mortgage Calculator: https://www.bankrate.com/mortgages/mortgage-calculator/

#mortgagepayoff #mortgagetips #financialfreedom #mortgageinterest #realestateadvice #personalfinance #debtfreejourney #refinancing #homeownership #savemoney

00:00-Intro

00:42-Why the Monthly Payment Isn’t the Full Picture

01:57-How Mortgage Interest is Actually Calculated

04:50-The Power of Amortization—and How to Outsmart It

06:05-Strategy 1: Add Just $100 Extra a Month

06:45-Strategy 2: Add $250 Extra a Month

07:10-Strategy 3: Make a One-Time Lump Sum Payment

07:45-Strategy 4: Use a Biweekly Payment Plan

08:16-BONUS Strategy

11:10-Putting It All Together

12:20-Final Thoughts: Knowledge = Leverage

⭐Support the Channel by Becoming a Community Member⭐ 👇https://www.youtube.com/channel/UC13s0hQVkEv-azgzhOe8QXA/join

Outstanding Personal Finance Tools👇

Budgeting...👇

★☆★ Rocket Money (originally called as TrueBill) ★☆★

https://rocketmoney.sjv.io/CelestialWM

Wealth Management...👇

★☆★Personal Capital ★☆★👇

https://personalcapital.sjv.io/CelestialWM

Bookkeeping...👇

★☆★Gusto Bookkeeping★☆★👇

https://gusto.pxf.io/CelestialWM

[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

➡️ ➡️Free Guide Here: https://celestialwm.com/ptpebook-go/⬅️⬅️

Do you watch Dave Ramsey, Robert Kiyosaki, Grant Cardone, Gary Vee, Graham Stephan, Meet Kevin, Ryan Scribner, Replace Your Mortgage, Project Life Mastery, Russel Brunson, Alex Becker, Tanner J Fox, Refusing to Settle, Dan Lok, Jeff Rose, Tai Lopez, Bigger Pockets, or Pat Flynn? Then you'll love our channel! Be sure to subscribe and I'll see you in the comments!

Top Financial Advisor Baltimore. Top Financial Planner Maryland.

Affiliate Link Disclaimer: I only recommend products I would use myself and all opinions expressed here are our own. This post may contain affiliate links that at no additional cost to you, I may earn a small commission. Read full privacy policy at celestialwm.com.

Celestial Wealth Management LLC receives compensation from YouTube for the presence of advertising before, after, and during this video content. Celestial Wealth Management LLC does not control the content or presence of any advertisements. The presence of any advertisement does not constitute an endorsement of the ad, company, entity, or product by Celestial Wealth Management LLC.