EP 149: Pay Your 30-Year Mortgage in 5-7 Years on Your Existing Level of Income with Jordan Goodman

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By Chris Peach. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Jordan Goodman is a rockstar. You may have heard of him as America’s Money Answers Man and seen him as a regular CNN, Fox Business and radio segments across the country.

Jordan is referred to as the answers man because of his expertise on all things money, but I wanted him to come on the show for one reason and one reason only: The Equity Optimization Strategy

Jordan walks us through step-by-step how to pay down your 30-year mortgage in as little as 5-7 years using a HELOC.

Now, I am sure you’re waving red flags, and you definitely should be. I was too.

Therefore, I made sure Jordan broke it down step-by-step and I even had to ask him to explain it three different ways so we can all fully understand this strategy.

Here are just a few things we mention inside this episode:

  • Countries such as Australia and Japan already use this method of rapid mortgage acceleration
  • The reason it works is because mortgages used amortization schedules and HELOCs are based on average daily balance
  • You must have some equity in your home now
  • You must have a positive cash flow (income)
  • Why the banks will not like you after this

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Mentioned in this episode

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Thanks so much for listening to the show and if you feel the content of this podcast was helpful, please subscribe and leave a review!

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Today's show was brought to you by OneAZ Credit Union — my very own credit union I have been proud a member of since 2011.

If you live in Arizona and are looking for a large credit union with a local, customer-focused feel for your personal or business banking needs, look no further than OneAZ Credit Union.

All the show notes, links and anything Jordan and I mentioned can be found at https://www.moneypeach.com/session149

173 episodes