My guests in this interview is Michael Lush and David Dutton from Replace Your Mortgage.
If you could pay off your a mortgage in even a third of the time instead of waiting thirty years to pay it off, wouldn’t you want to know how to do that?
It’s possible with the right home loan. While it may seem unbelievable, it comes down to math and a little education that banks prefer homeowners not know about.
Michael Lush has spent fifteen years as a mortgage originator helping consumers get into their dream home.
After speaking to a wealthy mentor of his, he then stumbled across how the wealthy finance their homes using lines of credit.
Along with his colleague, David Dutton, Lush now teaches future homeowners, present homeowners as well as successful real estate investors how to use a simple home equity line of credit to pay off a home in 5-7 years.
Michael and David share through their book, youtube channel and courses, why making extra payments on a mortgage vs a HELOC is still slower and also locks your money up until you sell your home, 2 important reasons why this strategy isn’t more well known, How to pay off a home faster even if you have very little equity, 5 powerful resources that will help you get started quickly to becoming mortgage free, pros and cons of a HELOC, deadly mistakes homeowners make when using a HELOC, how to build a real estate empire, and how to buy a vacation home and pay it off quickly.
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I’ve looked into this strategy, but I just don’t see how it would work with the Infinite banking concept where someone is putting all excess dollars into a policy. Secondly, paying off a mortgage doesn’t make much sense in this low interest rate environment. Personally I would take a 40, 50 or a 100 year mortgage then take “the difference” and put it into cash flow generating vehicles that would make that payment. What are your thoughts?
Michael, you have great points.I do bring on guests with all different approaches and philosophies to expose my listeners to all the ideas out there. I am bringing on a guest soon with the complete opposite philosophy and approach to paying off your mortgage quickly to educate my listeners on all views.
Great article. I believe that this podcast will definitely help me to pay off my home. I’ll definitely share this too to my husband.
My husband and I are planning to buy a new home. This podcast is very helpful for me. I’ll definitely share this to my husband as well. I got a lot of helpful insights from this.