052 - Amortization With James Jay

For today’s episode, we are going to talk about amortization period and which one is right for you. James is going to share how the actual mortgage payment is structured to help you understand key points to look into as you are deciding. Join us and give this episode a listen to know more about it! QUOTES “Every extra dollar that you are paying towards your mortgage will reduce the amount you’re paying interest and the remainder of the loan.” “Most loans don’t have prepayment penalties.” MENTIONS www.myhoustoninsideout.com SHOW NOTES [0:01:45.0] Obvious difference between a 30-year and a 15-year financing [0:01:35.0] Amortization table - how the actual payments are broken down [0:03:39.0] 30-year and 15-year compared [0:05:36.0] There are ways to cut down the interest dramatically If you like this podcast, please do not forget to like, share, or comment! We appreciate your support and feedback! Hosted on Acast. See acast.com/privacy for more information.