Intricacies of 15 Year Mortgages

In this engaging episode of "We Are TPM," Kyle and John Teixeira dive into the

intricacies of 15-year mortgages as a beneficial financial strategy. Setting the stage

with a relatable scenario, they reflect on the daunting experience of facing a heavily

front-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 can

reveal significant potential savings and aid in achieving long-term financial goals,

particularly in real estate investment. Covered with humor and practical insights, this

episode promises to illuminate the evolving landscape of mortgage planning.

The hosts explain the mathematical rationale behind 15-year versus 30-year

mortgages, emphasizing the payoff schedule and interest savings. John shares a

personal philosophy of mortgage management, which involves refinancing to a 15-year

mortgage to accelerate equity building, thus preparing for a secure financial future.

They highlight that although the monthly payments on a 15-year mortgage are typically

higher, the total interest paid is considerably lower than a 30-year loan, making it a

compelling option for those looking to reduce their long-term housing costs. Using

real-life examples and industry-standard financial practices, John and Kyle offer

listeners a well-rounded perspective on maneuvering mortgage strategies to suit

individual 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." - John

Teixeira

"The 15-year mortgage might be less risky in their eyes because they get their money

back in 15 years.” - Kyle Teixeira

"There are tons of people out there in America right now putting hundreds, if not

thousands of dollars per month into 401ks and IRAs that are going to do less for them

financially than that house will.” - John Teixeira

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Tune in today!

We Are TPM

Teixeira Property Management

Mansfield, Texas

www.WeAreTPM.com

ShowMeTheMoney@WeAreTPM.com

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There are a vast amount of ways in today's world to build wealth using real estate and

investing, not just in property, but in yourself!

Located in the Dallas-Fort Worth area of Texas, John Teixeira and Kyle Teixeira of

Teixeira Property Management bring you all of the knowledge and experience they can

provide for the confidence to achieve your investment goals, or how and why to create

them. Now, while John and Kyle have a ton to share, they will also be bringing you

interviews with some of their clients, industry partners, experienced investors, and

much more every week!

John and Kyle look forward to sharing the knowledge you need about arguably the

greatest investment vehicle that is available to the masses — Real Estate. Knowledge

is power, and John and Kyle intend to give you as much power as possible. It's not

always about the HOW, but also the WHY, and they will be digging into it right here

every week!