185 DSR – Power of Prepaying Debt

June 27, 2015

Interest

What would happen if you pre-paid your debts? How about saving thousands & thousands of dollars and several years of your working life?

1) Who can prepay?
2) What if I can’t afford it?
3) When can I prepay?
4) Why would I prepay?

$100k loan, 4% interest, 30 yrs.

$2,000/mo net/take home income.
10% = $200/mo prepay

$34k interest saved.
Turn 30 yr mtg into a 17 yr mtg
13 yrs of your life saved.

Give us a call on our voicemail listener feedback line at 615-200-7189 or drop Greg an email at:
greg [at] debtshepherd [dot] com

Debt Shepherd, 2015 All Rights Reserved

Greg Whitaker

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Greg is a financial wellness educator, tireless ambassador for financial literacy, and the founder of Debt Shepherd.