Kim Butler and Todd Strobel set their sights on mortgages in this episode, analyzing different strategies by using the Prosperity Principles to uncover the best options. They discuss down payments, compare 15 vs 30 year mortgages, and tackle other questions to consider when getting a mortgage, with some surprising answers!
How big should your down payment be? Is a 15 or 30 year mortgage more efficient in the long run? What is the value of your cash down payment, or your cash flow? And is there value in “peace of mind”, even if it means choosing a less effective economic strategy? Find out in today’s episode of the Prosperity Podcast.
Show Notes:
[0:00] Prologue
[0:19] Intro
[0:41] Mortgages – the Largest Debt Many People Have (and greatly misunderstood)
[2:01] Questions to Ask… Your Cash has a Cost
[3:33] Considering the Amount to Put Down
[8:11] 15 or 30 Year Mortgages (and how to compare correctly)
[12:16] How to be More Prosperous by “Investing the Difference”
[17:03] Summary of Recommendations
[17:57] Outro
Disclosure: Our content is meant for educational purposes only. While it’s our goal to help you learn about building a life of prosperity, we do not intend to provide financial advice. Please consult your financial, tax or legal advisor before making any investment or financial decisions.