Dec 20, 2018
Episode 122 - Basics of Debt, Part 2 - Dealing with Mortgages
In this episode of the Sound Financial Bites podcast, host Paul Adams and co-host Cory Shepherd tell the tale of two sisters. One of them paying off her mortgage over 15 years, and the other over 30 years. Through this allegory, Cory and Paul discuss how to pay off your house in a manner that gives you the most freedom.
Their conversation covers the basics of mortgage payment plans, the reason that banks benefit from the 15-year plan, and simple interest debt versus compound interest growth.
For full show notes, including a FREE PDF of the transcription, visit:
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