In this episode, I break down the real question behind paying off your house early—and why the answer isn’t as straightforward as it seems. I walk through how interest rates, amortization, and long-term loan structures influence the true cost of a mortgage.

I also highlight why extra payments only matter if they’re applied directly to the principal, and how doing so can reduce total interest paid over the life of the loan. Beyond the numbers, I touch on the emotional relief homeowners feel when eliminating monthly payments and gaining more flexibility in their budget.

(00:00) – Mortgage payoff debate begins

(00:49) – Interest rate impacts strategy

(02:22) – Extra payments explained clearly

(03:50) – Opportunity cost of payoff

(05:31) – Long-term fixed debt benefits

On the Military Millionaire Podcast, I share real conversations with service members, veterans, and their families. Each week, we explore how to build wealth through personal finance, entrepreneurship, and real estate investing.

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