I am enjoying your content. Good job! I would like to comment that not paying off a mortgage early, especially one with a lower interest rate, is still suffering the volume of interest aspect of the loan because almost all of the monthly payment goes to interest and very little to principal. Nevertheless, I would rather put money into my WL policy over paying down a mortgage, to have liquidity and options. Thanks for letting me share.
Thanks for your feedback @mgallegos4708! That is a good point you bring up, we believe that the more understanding people have about how finances work, the better equipped they will be to make the best financial decision possible. How interest is integrated into mortgage payments is one of those valuable pieces of understanding to have. Thanks for sharing.
I am enjoying your content. Good job! I would like to comment that not paying off a mortgage early, especially one with a lower interest rate, is still suffering the volume of interest aspect of the loan because almost all of the monthly payment goes to interest and very little to principal. Nevertheless, I would rather put money into my WL policy over paying down a mortgage, to have liquidity and options. Thanks for letting me share.
Thanks for your feedback @mgallegos4708! That is a good point you bring up, we believe that the more understanding people have about how finances work, the better equipped they will be to make the best financial decision possible. How interest is integrated into mortgage payments is one of those valuable pieces of understanding to have. Thanks for sharing.