A Bit About The Book
In doing my usual Inter-Web scanning, I came across a post by Andrew at Family Money Plan, “Behind the Screen Interview with J. Money From Budgets are Sexy and Rockstar Finance.” Being an avid follower of J. Money, I had to check it out. It was an interesting read, for sure.
While on Family Money Plan’s page, I noticed a button in the upper right-hand corner, Free eBook: How to Hack Your Mortgage and Save. Having just modified our mortgage I had to check it out. Check out “Recast, Refi, or Modify: 3 Options for Adjusting Your Mortgage” if you want to learn more.
Anyway, I wanted to see what Andrew had to say, so I subscribed to get the download.
Readability
Being a short book, this one was a quick read. The layout makes for easy reading, too. I was able to buzz through it in a few minutes.
The Gist of It
The book provides some great insight into how much interest is paid when buying a house, especially if it’s a 30-year loan. Examples show just how much is paid in different scenarios and how much can be saved with the assorted hacks that are provided.
I’ve recently modified our 30-year mortgage to a 15-year mortgage, shortening the remaining life of our loan from 20 years to 15 years, which is going to save us thousands. Even after doing so, I’ve found some interesting ideas to put in place to shorten the loan even more with greater savings than we’re already going to realize.
Best and Worst Parts
Best
- Very Easy Read
- Great Information
- Great Examples
- Worksheets
- Resource Links
- Free (Who doesn’t love free?)
Worst
- Can’t think of a thing
Conclusion
This is a great resource that’s concise, but full of great info and easy to read. Thirty-year mortgages are not the smartest thing to have and Andrew’s eBook gives you some great ways to cut the loan time and save some hard earned $$$.
I highly recommend that you get on his site, sign up, and download.
So, what’re you waiting for? Got get your copy!
