Episode 92: Pay Your 30-Year Mortgage in 5-7 Years on Your Existing Level of Income with Jordan Goodman

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My Guest on the Show…


Jordan Goodman is a rockstar. You may have heard of him as America’s Money Answers Man and seen him as a regular CNN, Fox Business and radio segments across the country.

Jordan is referred to as the answers man because of his expertise on all things money, but I wanted him to come on the show for one reason and one reason only: The Equity Optimization Strategy

Jordan walks us through step-by-step how to pay down your 30-year mortgage in as little as 5-7 years using a HELOC.

Now, I am sure you’re waving red flags, and you definitely should be. I was too.

Therefore, I made sure Jordan broke it down step-by-step and I even had to ask him to explain it three different ways so we can all fully understand this strategy.

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Mentioned in this Episode


Money Answers

Master Your Debt by Jordan Goodman


What is a HELOC and How Does it Work?

Awesome Money Course


Show Notes

What is the mortgage optimization strategy [2:41]

15 vs 30 years does NOT double your payment! [5:34]

Mortgages are people’s biggest debt [6:32]

Strategies to pay off your mortgage faster [7:55]

Paying it off in 5 years with equity optimization [9:19]

The three things you need for this strategy to work [14:25]

An example [18:28]

You have to have discipline [24:21]

You can use this on commercial properties too! [33:47]

One Comment

  • Chris, I think there are a few things not addressed. #1 you still have to pay off the HELOC loan. #2 most HELOCS are variable interest rates. #3 if something unexpected happens and you are unable to make your payment they are able to take your home as recourse. These things concern me. Thank you for your response


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