NATALI MORRIS

Natali Morris Blog

July 10, 2017

We Wrote A Book! Read It And Rid Yourself Of Your Mortgage, Free As A Bird!

Some news! I have a new book launching tomorrow in the Amazon Kindle Store! It is called: How To Pay Off Your Mortgage In 5 Years: Slash your mortgage with a proven system the banks don’t want you to know about.

I co-wrote this book with my husband Clayton based on our experience of freeing ourselves of our mortgage. We break down the ins and outs of your mortgage and help you use this understanding to your advantage. This means you stop funneling so much of your monthly income into the banks’ coffers!

If you preorder the book before tomorrow, it costs $4.99. Once it launches, it will cost $6.99. So order today and save yourself $2 now and THOUSANDS of dollars in the long run with this strategy to pay off your mortgage lickety-split!

You’ve heard/read me discus this strategy before. It involves securing a Home Equity Line of Credit to slay the amount of interest and time on your mortgage. Using this trick, Clayton and I saved over $350,000 in interest payments and paid off a mortgage completely. It works!

I hope this email finds you well today and ready to take your personal finances to the next level. We wrote this book to put another tool in your arsenal towards doing just that! As always, I welcome your feedback!

Happy Monday my friend!

7 responses to “We Wrote A Book! Read It And Rid Yourself Of Your Mortgage, Free As A Bird!”

  1. Alex says:

    Hi Natali- I have been listening to Clayton’s podcast religiously the last month. I am completely on board with investing real estate to build legacy wealth and have been in contact with morris invest to begin the process. I also really like you’re creative method of paying down your mortgage with a Heloc. I was going to use a Heloc to invest in my first property, but now having read about paying down a mortgage using a Heloc, I am torn between which I should do first. Based on everything that it seems you and Clayton believe in, I am assuming I should use it to invest in rental real estate and then try to tackle my own mortgage at a later time. Just wanted your advice on where I should start.
    Thanks for the feedback!

    • We get this question a lot and it’s a tough one. In theory, your investments should pay you more in returns than you are paying in interest on your loans so you could use your returns to pay down principal on the mortgage. Of course there are so many variables that can effect that. Does this method make sense or are there other factors to consider at play?

      Thanks for reading the book!

  2. Peter H says:

    Interest on your investment is tax deductible. Interest on your home is not (this sometimes varies across jurisdictions). Pay extra on the home first, pay the minimum on the investment until the home is paid for. Similarly, pay off the highest interest rate loan first, eg a credit card

  3. Evelyn Randolph says:

    Natalie, I purchased your book and began the prprocess of moving all my expresses to my line of credit to start implementing your strategy. I first learned about what you and your husband are doing with real estate from your interview with Bigger Pockets a while back. In your book, you offer a calculator that manage the HELOC strategy described in the book and I tried to download it, but have not been successful. How can I get the spreadsheet?

  4. Cos Iorg says:

    Natali, if I understand correctly, now with the tax law changes, the interest on a HELOC is no longer tax deductible. Does your strategy still make sense in current tax environment?
    And if yes, where/how do you find a good HELOC? All the places I researched/inquired, the rate (even the teaser rate) is above 4%, they don’t accept direct deposit and have minimum withdrawals amounts and other restrictions.

    • Cos, great question! This still works with the new tax law but the non-deductible interest does take some of the pizazz out of this method. Since you are trading write-off-able interest for non-write-off-able interest, you have to figure out what that means for your tax bracket. BUT you are still going to be whacking away at your principal balance and lowering the life of your loan so that remains.

      As for finding a low-interest HELOC, I’m afraid these days it is harder than it was when I wrote this post. My bank doesn’t do the 1.99% HELOCs any longer. You have to look really hard for them. I suggest keeping track of offerings on bankrate.com and local credit unions and small banks. When the market correction inevitably happens, interest rates will drop again so keep an eye out!

      Thank you for this comment!

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