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How to Pay Off Your Mortgage Early (The Ugly TRUTH About Mortgage Interest)

Learn the TRUTH about mortgage interest, and how to pay off your mortgage early. If you're wondering "How much interest will I pay on my mortgage?), this video shows you. Learn how mortgage interest is calculated, how mortgage amortization tables work, and ways to pay down the mortgage faster (I compare 4 mortgage payoff strategies). Learn how to build a house mortgage amortization schedule in Excel. Beware of the Velocity Banking videos - they'll try to convince you to take out other loans and use them to payoff your mortgage early and faster, but if those loans have a higher interest rate than your mortgage, they won't help. Timestamps 00:00 - Intro 00:55 - How Interest Affects a Mortgage 02:46 - How to Calculate Mortgage Interest (Build a Mortgage Amortization Table in Excel) 07:16 - How to Pay Off Your Mortgage Early (4 Strategies) 10:57 - Summary of 4 Mortgage Pay Off Strategies Link to the Spreadsheet used in the Video: https://bit.ly/TheWilliamLeeShow_Mort... This video is meant for educational purposes only and is NOT FINANCIAL ADVICE. Your host in this video has been the CFO of several software companies and offers a lifetime of business experience to his audience. Will has an undergraduate degree in Economics, an MBA in finance from Cornell University, earned the CFA charter (Chartered Financial Analyst), and has worked as an equity research analyst at top Wall Street firms in addition to his experience running entrepreneurial companies. ***** Recommended Products ***** Get FREE stock from Webull. U.S. citizens only: https://a.webull.com/gsHteSqTzj4blNrkEt ***** Music & Video/Still Photography Used in Making My Videos ***** MUSIC - Epidemic Sound: https://share.epidemicsound.com/9ziu1r VIDEO/STILL CLIPS - Envato Elements: https://1.envato.market/EK9RAX ***** Equipment Used in Making this Video ***** Camera https://amzn.to/3wuZNL4 Lens https://amzn.to/3j9BLlv Light Panels https://amzn.to/3RbPepB Microphone https://amzn.to/3DdssIc Office Chair (most comfortable chair ever…. Should have bought this years ago!) https://amzn.to/3J9mCLP As an Amazon Associate, I earn from qualifying purchases. #payoffdebt #getoutofdebt #williamlee #thewilliamleeshow