What Paying an Extra $1000/Month Does To Your Mortgage

   • Is It Better To Pay An Extra $500 Extra On...   📞 WORK WITH ME IN PHOENIX, AZ ► Call or text: 623-707-9836 ► Email: contact@javiervidana.com ► Schedule an appointment: https://calendly.com/meetjavy/homebuyer 🌎 BUYING OUTSIDE OF PHOENIX? Get connected with a vetted agent anywhere in the US. ► https://homeandmoney.com/javier/ 🧰 FREE HOME BUYING RESOURCES ► Guides & tools I built: https://javiervidana.gumroad.com/l/silsl 👥 JOIN THE COMMUNITY ► Instagram:   / arizonajavy   ► Discord:   / discord   ► Twitch:   / javiervidana   00:00 Introduction 01:07 How a Mortgage Payment Is Actually Structured 02:51 The Two Universal Rules of Your Mortgage Payment 04:00 How to Calculate Interest and Principal Yourself 06:19 What Happens When You Add $1,000 Extra Per Month 08:58 Why the Extra Payment Accelerates So Fast 10:51 You Don't Have to Do $1,000: Smaller Amounts Still Matter 12:16 Is It Better to Get a Lower Rate or Make Extra Payments? 14:01 Closing Thoughts