Home › Forums › Financial Markets/Economics › Payoff Mortgage in 1/3 the time without doing anything different? › WITHOUT YOU SPENDING EXTRA
WITHOUT YOU SPENDING EXTRA MONEY (
Because they call it “budget”.
Go to 4:02 of Part 2 from your initial links.
Average Income: $6037.50 Average Expenses $3431.25 Mortgage Payment $1453.76 Average Budget: $1152.49
Average Budget is disposable income used to “budget” and prepays the loan balance. It isn’t “spent” because they say it’s still available as HELOC.
Real simple, it’s an extra Prepay to the outstanding balance.
