Hey what's up Shawn here, let's talk about something that gets me fired up and is the basis of my branding as a loan officer out with the old in with the new fun fact on a $ 300,000 loan with a low interest rate you're paying over 230 Grand in interest alone well so really to pay off your $ 300,000 loan you're, actually paying over five hundred and thirty thousand dollars. Let that sink in. When you buy a three hundred thousand dollar home, you could really be buying a half a million dollar home. But that's not get ahead of ourselves.

There will always be interest when borrowing such a large amount of money, but on a typical 30-year mortgage. We pay our principal and interest at the end of every month right. Well. What if we automatically paid our principal loan, amount down every single night, so at the end of the month our interest payments are far lower.

Now this might be a little hard to follow so picture this. Every time you deposit money in your bank account whether that be paychecks, rental property income birthday money from your parents. I wish but anytime you deposit money into your account. It immediately gets applied to your principal balance on your home, then that night, your interest rate payment is automatically calculated based on what you currently owe.

So this equates to saving tens of thousands of dollars in interest on that same 30-year. Three hundred thousand dollar loan you'll not only be paying it off in eight to twelve years, you'll be saving over a hundred grand in interest, which is pretty incredible right. So how do you make this happen? Well, give me a call or shoot me a text and I'd love to tell you all about it. If you want a little more about me and the unique loan programs, I am certified to help you with then head on over to my website lending shawn, Malka com.

Remember: don't waste your money with the old traditional mortgage, it's time for a change in the mortgage industry.