In this engaging episode of "We Are TPM," Kyle and John Teixeira dive into theintricacies of 15-year mortgages as a beneficial financial strategy. Setting the stagewith a relatable scenario, they reflect on the daunting experience of facing a heavilyfront-loaded 30-year mortgage and consider the advantages of opting for a shorter, 15-year term instead. They stress how understanding the impacts of amortization canreveal significant potential savings and aid in achieving long-term financial goals,particularly in real estate investment. Covered with humor and practical insights, thisepisode promises to illuminate the evolving landscape of mortgage planning.The hosts explain the mathematical rationale behind 15-year versus 30-yearmortgages, emphasizing the payoff schedule and interest savings. John shares apersonal philosophy of mortgage management, which involves refinancing to a 15-yearmortgage to accelerate equity building, thus preparing for a secure financial future.They highlight that although the monthly payments on a 15-year mortgage are typicallyhigher, the total interest paid is considerably lower than a 30-year loan, making it acompelling option for those looking to reduce their long-term housing costs. Usingreal-life examples and industry-standard financial practices, John and Kyle offerlisteners a well-rounded perspective on maneuvering mortgage strategies to suitindividual financial objectives.Notable Quotes:"There's nothing more depressing than making a $1500 payment and seeing that$1200 of it went to interest to the bank and $300 went to your principal." - JohnTeixeira"The 15-year mortgage might be less risky in their eyes because they get their moneyback in 15 years.” - Kyle Teixeira"There are tons of people out there in America right now putting hundreds, if notthousands of dollars per month into 401ks and IRAs that are going to do less for themfinancially than that house will.” - John TeixeiraListen to We Are TPM on any major podcast platform including Apple Podcasts,Google Play, Spotify, and many more.Tune in today!We Are TPMTeixeira Property ManagementMansfield, [email protected]———————————————————————————There are a vast amount of ways in today's world to build wealth using real estate andinvesting, not just in property, but in yourself!Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira ofTeixeira Property Management bring you all of the knowledge and experience they canprovide for the confidence to achieve your investment goals, or how and why to createthem. Now, while John and Kyle have a ton to share, they will also be bringing youinterviews with some of their clients, industry partners, experienced investors, andmuch more every week!John and Kyle look forward to sharing the knowledge you need about arguably thegreatest investment vehicle that is available to the masses — Real Estate. Knowledgeis power, and John and Kyle intend to give you as much power as possible. It's notalways about the HOW, but also the WHY, and they will be digging into it right hereevery week!

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