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Pay Off Your Loan Or Invest? Know What’s Better For You

Time and time again, I see people choosing to focus either a mortgage or an investment but not both at the same time. But which option is better to start with? In this article, I will show you how you can invest AND pay off your mortgage without the diminishing effects of either process. I want to show you that it’s possible to pay off your mortgage and invest simultaneously. More often than not, such a decision often depends on your financial situation. While many people believe that paying off money is best since it saves on your interest payments, others may want to invest their extra

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BREAKING! The Eviction Problem Just Got WORSE 😧

The eviction moratorium has completely expired and the US Supreme Court ruled against the CDC wanting to extend the moratorium. In addition to this, recently the Federal Unemployment Benefit also expired this week and the Biden Administration has no intention of bringing the unemployment benefit back as the economy is starting to open up.  https://www.youtube.com/watch?v=uaTUQruQjKQ In this video, I’m going to unpack what this all means and how real estate investors could potentially benefit from the eviction

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July 10, 2020

Mortgage Rates Are PLUMMETING! Should You Refinance Your Mortgage? (WARNING)

Mortgage Rates Are PLUMMETING! Should You Refinance Your Mortgage? It’s one of the biggest headlines right now when it comes to the housing market. Mortgage interest rates are continuing to drop to a historically low rate. This opens up the idea of refinancing your mortgage to get a lower interest rate. How to Pay Off Your Mortgage In 5-7 Years https://youtu.be/3f-ebCjeH8o Sounds good right? Sure! BUT in this video, I am going to EXPOSE all the hidden costs of refinancing your mortgage and how mortgages work to keep paying the bank interest instead of paying off the principal. A low number on your mortgage rates look good on the outside, but when you dive deep into the ACTUAL cost of that mortgage rates, it WILL shock you with how much you actually pay! Lower mortgage rates DO NOT automatically mean you’ll be saving money. With mortgage rates continually dropping to a historical record low, many homeowners are looking to refinance their mortgage. I am advising AGAINST refinancing at the time regardless of the record low mortgage rates. Here is why: Your mortgage is on an amortization schedule, meaning that on a 30-year mortgage, the majority of your monthly payments for the first 7-10 years, will be going towards the interest owed on your mortgage. So, if your mortgage payment is $1000, $800 of that payment goes towards interest, while the remaining $200 goes towards the principal on your mortgage. Within 7-10 years of paying this mortgage, eventually, most of your monthly payment will go towards the principal and then less will go towards interest. Here’s the catch though with refinancing for lower mortgage rates.. When you refinance to lower mortgage rates the amortization schedule RESTARTS to DAY ONE! This means the majority of your monthly payment will go BACK towards INTEREST and less will go towards the principal balance! Not to mention all the extra fees; closing costs, administrative fees, appraisal fees, underwriting fees, title fees…….all for refinancing to lower mortgage rates…… This is almost criminal……..so it’s almost like the mortgage rates DON’T MATTER when it comes to actually pay off your mortgage! BUT never fear, here at The Kwak Brothers, we specialize in paying off your mortgage QUICKLY! Here is a link to a video we created SHOWING you how to ACTUALLY pay off your mortgage within 5-7 years, WITHOUT refinancing to lower mortgage rates!
June 23, 2020

If Banks Were Actually Honest…

What if Banks and Bankers were ACTUALLY Honest about all the hidden fees and their “secret” schemes to make money off of you… You’re getting a mortgage and you’re thinking ‘What can ever go wrong?’. Well, in this comedy sketch, we want to show you what it might look like if bankers were actually honest about all the mortgage closing costs, fees, how the banks make their money, how they want you to refinance every 5-7 years, and what they really think about mortgage rates and refinance rates. Enjoy! 📉 Learn How to Pay Off Your Mortgage in 5-7 Years (On Average): https://www.youtube.com/watch?v=3f-ebCjeH8o Honest Banker – Played by Sam Kwak Mr. Enslavedski – Played by Sam Kwak In this comedy sketch, we wanted to highlight and exaggerate some situations that every borrower and banker go through when it comes to shopping for a mortgage or for a refinance loan. Typically, banks want you to play the game of “shopping for rates”. The banks REALLY love 30-year mortgages because in the first 5-7 years, you’re really not paying much principal but you are paying a ton of interest. This is often known as the “front-loaded interest” zone. The banks know that majority of the borrowers will come back to refinance or get a new mortgage in 5-7 years. But hardly any borrowers make real progress in building equity in only 5-7 years with a 30-year mortgage. Typically on a 30-year mortgage, banks can make up to twice as much as the original mortgage balance. This is why it’s so profitable for banks to lend on a 30-year amortization. Plus, the Mortgage-Backed Security industry loves these 30-year mortgages because they’re often backed by the Federal Government and thus, are highly regulated. While this is just a comedy sketch, we wanted to highlight some of the REAL situations and what the banks are REALLY thinking when lending these mortgages to you, the consumer. Don’t fall for these traps by playing their game! Learn the rules and how banking works! 📉 Learn How to Pay Off Your Mortgage in 5-7 Years (On Average): https://www.youtube.com/watch?v=3f-ebCjeH8o