06/12/2024
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A few months back, generated a lot of buzz with his video (a snippet shown here).
I completely agree with his strategy and utilize it for myself.
However, I don't think it works for most people. It is a very nuanced strategy for many. I do apply parts of his strategy for my clients, but I think did a great job of providing a lot more context to the conversation – and he highlighted a couple of my comments from the chatroom. I highly recommend checking out the full video if you want to be a more informed consumer. It is on his YouTube page “MG the Mortgage Guy,” and the video title is “Paying Off Your Mortgage in 10 Years with Velocity Banking.” (https://www.youtube.com/watch?v=Kln9sbXUoes)
The Mortgage Reducer strategy, velocity banking, 15-year mortgages, 20-year mortgages, etc., are not a one-size-fits-all strategy. Always do your research and consult with credentialed and trustworthy professionals.