How To Pay Off Your Mortgage In 5 Years: Slash your mortgage with a proven system the banks don't want you to know about (Pay Off Your Mortgage Series) Paperback – July 8, 2017

I’ve been following Clayton and Natali Morris via their podcast for about a year now. Due to their continuously invaluable information and insight, I knew this book would deliver value! How to Pay Off Your Mortgage in 5 Years is a quick, no BS guide full of practical, digestible information.This book walks you through all the pieces of a mortgage, and how they work. The first chapter digs deep into interest and amortization schedules, with a clear chart. Taking a deeper look into how an amortization schedule works is life changing! No wonder mortgages traditionally take 30 years to pay off.The book also lays out the intended purpose of a home equity line of credit, and how to get the best bang for your buck. I found this part especially helpful, as when I walk into a bank, I don’t want to be swindled into a product that doesn’t fit my needs. When you know exactly what you’re looking for, you can be direct and purposeful.Clayton and Natali discuss how interest and time are your two biggest enemies within the banking system, and how you can overcome! The teeter-totter image of weighing your interest really stuck with me, and I will forever use it in all of my financial decisions.The meat of the book is explaining exactly how to put the plan into action, with specific examples and scenarios. It talks about budgeting and goal setting, which is the biggest piece of this puzzle. Clayton and Natali lay out an actionable, plan; this is where it gets exciting!There’s also a concise summary at the end of the book to refer to, in case you need a quick refresher on how to employ the strategy. The content is very well written and conversational. Listening to Clayton and Natali’s podcast feels like sitting down with friends, and they carry over that tone into this book. The two come across as incredibly genuine, it’s obvious their purpose is to help people better understand finances and make informed decisions.This strategy takes planning and discipline, but the rewards are well worth it! If you’re ready to be empowered in your finances and stop being a slave to bank products, this book is for you.

I knew about this strategy 7 years ago through the original founder/ inventor of Harj Gil which I saw from a commercial. He brought this system to the US and now copy cats are charging at least $3500-$5000 such as replace your mortgage, truth in equity, the pill method for his concept. If you want to maximize this hack to work for you I suggest you go pay his site a visit, speedequity.com. Harj's book however is not as easy to understand as this one. When I read this book that's when I finally realized what Harj was doing all these years. This method is old. It's in its 20th year anniversary since it's inception in Australia. Anyway, wish I had implemented Harj's system 7 yrs ago. I could have made $395k on my last property and used that money for down payment for my current house. My monthly would have been so minimal right now. But still many thanks to Clayton and Natali for making this concept easy to comprehend. My wife and I are currently utilizing this hack with the help of Harj to our current home. Estimated time of pay off... 4 years!

This book was a 20 minute read, with lots of very basic information about mortgages thatmay be helpful for people who have limited basic knowledge of the topic but is notneeded for anyone who has taken time to understand their mortgage before signingall the papers.This is a helpful technique and it works. It would be nice for the book to contain a couple morecharts and examples. But, this is worth the low price of the book if you are notfamiliar with this concept...the book will pay for itself many times over if you implement this program.Those who think it is too good to be true and won't take time to understandand implement this can have fun paying their mortgage for decades to come!

It has a step by step guide about what it describes so it make sure you understand it well. But it doesn't give you the whole picture with both loans at once. Si you will end up with few unanswered questions in real life.

Book is short since the strategy used to get to the goal doesn't really need a long writing. The authors went straight to the point, and wasted no time. That is what I wanted. In addition to the book, which describes the strategy to be used, the authors also had a great free gift / tool: their HELOC Calculator!After downloading the calculator, I was ready to experiment with all my options / ways to tackle my new 30-year mortgage. WOW! Unbelievable. After playing for awhile, on the front of me are the blue prints of all different plans showing me how long each plan would take to pay off my 30-year mortgage from 5 to 8 years.It all took me just one night: to finish reading this book, and to have all the print outs showing me what to do so I can pay off my mortgage in a much shorter time. And save a lot of money. I feel so happy about it. Thank you so much the authors: Clayton Morris & Natali Morris.

I love that the book goes straight to the point. But, it is useful if you don't now anything about HELOC. It was written when the interest rates were way lower.It lacks more ilustrative spreadsheets, it lacks comparison with straight extra payments. They could also have offered a download of a nice spreadsheet Calculator comparing HELOC, Straight payments and current Mortgage, which they didn't. I am Back to square one trying to evaluate if this is for me. If you already did research on HELOC, this book is not for you.