Should I consider overpaying my mortgage?

Are you wondering whether overpaying your mortgage is a smart financial move? In this episode of The Ask Ralph Show, Ralph Estep Jr. explores the benefits and potential drawbacks of overpaying a mortgage. He explains how it can help reduce interest payments, shorten the loan term, and provide financial peace of mind, while also highlighting situations where it might not be the best choice. Tune in to learn how to align this decision with your long-term financial goals and determine if overpaying your mortgage is the right move for you.

https://www.askralphpodcast.com/overpaying-my-mortgage/

Podcast Timestamps:
00:00 Episode Overview
00:58 Listener’s Question: Should I Focus on Paying Off My Mortgage Faster?
03:26 Bible Verse: Proverbs 22:7 – The Borrower Is Servant to the Lender
04:13 Different Approaches To Mortgage Overpayment Story 1: The Cautionary Tale
05:55 Story 2: The Strategic Success
07:18 Story 3: The Balanced Approach
08:31 When Does Overpaying Your Mortgage Make Sense?
11:05 When Does Making Overpayments Not Wise?
14:36 What Different Extra Payment Amounts Could Mean For You
17:01 Financial Freedom Checklist
20:19 Call to Action
21:52 Action Steps You Can Take
23:01 Tomorrow’s Preview
23:22 Closing

Websites mentioned:
https://www.askralphpodcast.com/christmas
https://www.bankrate.com/mortgages/additional-mortgage-payment-calculator/

Ask Ralph Insiders Community
https://mailchi.mp/askralph.com/group

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https://askralphpodcast.com/live

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