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Mortgage Principle and Interest Explained
We love giving back!
Summary:
Timestamps:
About Garret Wong
Connect with Garret:Facebook
LinkedIn
Instagram
Get Involved:
Contact:
Check out our online Community HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio!
Podcast Episode Title:" Mortgage Principle and Interest Explained"
Summary:
Your mortgage isn't just a bill—it’s one of the most powerful tools for building long-term wealth. In this episode, we break down how principal and interest work together, why conventional wisdom about mortgage payments might be costing you, and the strategic approach I use to optimize principal reduction while maintaining financial flexibility.
Timestamps:
[00:00:00] Introduction: Mortgage payments explained.
[00:01:00]Mortgage Basics: How principal and interest payments are structured over time.
[00:02:30] Why Bi-Weekly Payments May Not Be the Best Strategy: The impact on cash flow and flexibility.
[00:03:30] Strategic Principal Reduction: Using lump sum payments and refinancing to maximize equity.
[00:4:20] Key Takeaways: Summary of the most effective mortgage strategies.
About Garret Wong
Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio.
Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system.
Connect with Garret:
My First Keys
Personal Website
Wong Capital
Get Involved:
Subscribe to My First Keys and follow us on social media for the latest updates.
Contact:
For feedback or questions, reach us at https://garretwong.com/contact/
View all episodes
By Garret WongWe love giving back!
Summary:
Timestamps:
About Garret Wong
Connect with Garret:Facebook
LinkedIn
Instagram
Get Involved:
Contact:
Check out our online Community HERE where you can learn how to purchase your first property, manage your existing property, or scale your portfolio!
Podcast Episode Title:" Mortgage Principle and Interest Explained"
Summary:
Your mortgage isn't just a bill—it’s one of the most powerful tools for building long-term wealth. In this episode, we break down how principal and interest work together, why conventional wisdom about mortgage payments might be costing you, and the strategic approach I use to optimize principal reduction while maintaining financial flexibility.
Timestamps:
[00:00:00] Introduction: Mortgage payments explained.
[00:01:00]Mortgage Basics: How principal and interest payments are structured over time.
[00:02:30] Why Bi-Weekly Payments May Not Be the Best Strategy: The impact on cash flow and flexibility.
[00:03:30] Strategic Principal Reduction: Using lump sum payments and refinancing to maximize equity.
[00:4:20] Key Takeaways: Summary of the most effective mortgage strategies.
About Garret Wong
Garret Wong is the founder of the My First Keys podcast, the Rent It Yourself Community and a seasoned property manager with nearly 30 years of experience. Originally a research scientist specializing in molecular biology, Garret transitioned into property investment, where he’s grown a personal portfolio of 43 buildings and 75 doors into a property management company that has managed over 1 billion dollars in assets with a 98.5% success rate in legal proceedings and a 98.6% rent collection ratio.
Known for his practical approach and strategic insights, Garret has developed an extensive SOP library to manage everything from tenant selection to maintenance, helping landlords and property managers build a reliable, resilient system.
Connect with Garret:
My First Keys
Personal Website
Wong Capital
Get Involved:
Subscribe to My First Keys and follow us on social media for the latest updates.
Contact:
For feedback or questions, reach us at https://garretwong.com/contact/