{"id":13769,"date":"2021-08-16T04:00:00","date_gmt":"2021-08-16T08:00:00","guid":{"rendered":"https:\/\/marriagekidsandmoney.com\/?post_type=podcast&#038;p=13769"},"modified":"2023-02-15T12:00:28","modified_gmt":"2023-02-15T17:00:28","slug":"pay-extra-on-mortgage-holden-lewis","status":"publish","type":"podcast","link":"https:\/\/marriagekidsandmoney.com\/podcast\/pay-extra-on-mortgage-holden-lewis\/","title":{"rendered":"How to Pay Extra on the Mortgage (Principal, Not Interest!)"},"content":{"rendered":"\n<p>Yolanda wants to pay extra toward her mortgage but she\u2019s not sure if she\u2019s doing it correctly. <\/p>\n\n\n\n<p>Holden Lewis, a Mortgage Expert from NerdWallet, joins me to help her out. We discuss how to ensure your extra mortgage payments are going toward the principal and how refinancing your mortgage may fit into the picture.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"wpbf-responsive-embed\"><iframe loading=\"lazy\" title=\"Pay Extra on the Mortgage (Principal, Not Interest!) - w\/ Holden Lewis\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/8emVP6dhZyk?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Episode Overview<\/h2>\n\n\n\n<p>Holden Lewis and I review the following:<\/p>\n\n\n\n<ul>\n<li>When you're paying extra on the mortgage, how to ensure it's going to the principal<\/li>\n\n\n\n<li>How to determine how much extra you should pay toward your mortgage<\/li>\n\n\n\n<li>Why a cash out refinance may not be the best move financially<\/li>\n<\/ul>\n\n\n\n<p>I was excited to support Yolanda with her question and I look forward to hearing if this chat helped her. If you're looking to pay extra on your mortgage, check out our episode and see if it helps you too!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">LISTEN AND SUBSCRIBE ON:<\/h3>\n\n\n\n<ul>\n<li><a href=\"https:\/\/marriagekidsandmoney.com\/applepodcasts\" target=\"_blank\" rel=\"noreferrer noopener\">Apple Podcasts<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/marriagekidsandmoney.com\/spotify\" target=\"_blank\" rel=\"noreferrer noopener\">Spotify<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/marriagekidsandmoney.com\/googlepodcasts\" target=\"_blank\" rel=\"noreferrer noopener\">Google Podcasts<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/marriagekidsandmoney.com\/stitcher\" target=\"_blank\" rel=\"noreferrer noopener\">Stitcher<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/marriagekidsandmoney.com\/Castbox\" target=\"_blank\" rel=\"noreferrer noopener\">Castbox<\/a><\/li>\n\n\n\n<li><a href=\"http:\/\/www.youtube.com\/marriagekidsandmoney\" target=\"_blank\" rel=\"noreferrer noopener\">YouTube<\/a><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Guest Bio \u2013 Holden Lewis<\/h3>\n\n\n\n<p>Holden Lewis is NerdWallet\u2019s authority on mortgages and real estate. He has reported about mortgages and housing since 2001, covering mortgage rates, trends in the housing market, and home buying and selling strategies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Holden Lewis Resources<\/h3>\n\n\n\n<ul>\n<li><strong>Website<\/strong>:&nbsp;<a href=\"http:\/\/www.nerdwallet.com\" target=\"_blank\" rel=\"noreferrer noopener\">NerdWallet<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/twitter.com\/HoldenL\" target=\"_blank\" rel=\"noreferrer noopener\">Twitter<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Other Content You Might Like<\/h2>\n\n\n\n<ul>\n<li><a href=\"https:\/\/marriagekidsandmoney.com\/podcast\/8-compelling-reasons-to-pay-off-your-mortgage-early\/\">10 Incredible Benefits of a Paid Off House<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/marriagekidsandmoney.com\/life-after-the-mortgage-is-paid-off\/\">Life After the Mortgage is Paid Off<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/marriagekidsandmoney.com\/podcast\/disadvantages-of-entrepreneurship\/\"><\/a><a href=\"https:\/\/marriagekidsandmoney.com\/podcast\/disadvantages-of-paying-off-mortgage\/\">The Disadvantages of Paying Off Your Mortgage<\/a><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Sponsors and Recommended Tools<\/h2>\n\n\n\n<figure class=\"wp-block-image is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i2.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2021\/07\/Tello-Logo-Full-Blue.png?resize=358%2C276&ssl=1\" alt=\"Tello\" class=\"wp-image-13682\" width=\"320\" height=\"247\" srcset=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2021\/07\/Tello-Logo-Full-Blue.png?w=1000&ssl=1 1000w, https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2021\/07\/Tello-Logo-Full-Blue.png?resize=300%2C232&ssl=1 300w, https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2021\/07\/Tello-Logo-Full-Blue.png?resize=768%2C593&ssl=1 768w\" sizes=\"(max-width: 320px) 100vw, 320px\" \/><\/figure>\n\n\n\n<p><a href=\"https:\/\/marriagekidsandmoney.com\/tello\" target=\"_blank\" rel=\"noreferrer noopener\">Tello<\/a>: Cell phone bill too high? Find a plan with Tello for around $10 per month on the T-Mobile Network!<\/p>\n\n\n\n<figure class=\"wp-block-image is-resized\"><a href=\"https:\/\/marriagekidsandmoney.com\/firstly\" target=\"_blank\" rel=\"noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2021\/06\/Firstly.png?resize=322%2C168&ssl=1\" alt=\"\" class=\"wp-image-13642\" width=\"307\" height=\"160\" srcset=\"https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2021\/06\/Firstly.png?w=1200&ssl=1 1200w, https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2021\/06\/Firstly.png?resize=300%2C157&ssl=1 300w, https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2021\/06\/Firstly.png?resize=1024%2C535&ssl=1 1024w, https:\/\/i0.wp.com\/marriagekidsandmoney.com\/wp-content\/uploads\/2021\/06\/Firstly.png?resize=768%2C401&ssl=1 768w\" sizes=\"(max-width: 307px) 100vw, 307px\" \/><\/a><\/figure>\n\n\n\n<p><a href=\"https:\/\/marriagekidsandmoney.com\/firstly\" target=\"_blank\" rel=\"noreferrer noopener\">Firstly<\/a>: Smart budgeting tools and real-life advice to get you on the path to family financial wellness. Learn more today!<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MKM Podcast Resources<\/h3>\n\n\n\n<ul>\n<li><a rel=\"noreferrer noopener\" href=\"https:\/\/marriagekidsandmoney.com\/community\" target=\"_blank\"><strong>Thriving Families Facebook Group<\/strong><\/a>:&nbsp; Join our new FREE Facebook Community!<\/li>\n\n\n\n<li><a href=\"https:\/\/marriagekidsandmoney.com\/contact\/\"><strong>Corporate Financial Wellness Presentation<\/strong><\/a>: Contact me to discuss how I can support your company's overall financial wellness.<\/li>\n\n\n\n<li><strong><a href=\"https:\/\/marriagekidsandmoney.com\/resources\/\">Recommended Resources<\/a><\/strong>: You won\u2019t reach your financial goals without the right tools. Here are my suggestions!<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Carpe Diem Quote<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201c<strong><em><strong><em><strong><em><strong><em>A funny thing happens in real estate. When it comes back, it comes back up like gangbusters.<\/em><\/strong><\/em><\/strong><\/em>\u201d<\/strong><\/em><\/strong><\/p>\n<cite><strong><em><strong><em><strong><em><strong><em>\u2015<\/em><\/strong><\/em><\/strong><\/em><\/strong><\/em><\/strong>&nbsp;<strong><em><strong><em>Barbara Corcoran<\/em><\/strong><\/em><\/strong><\/cite><\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><strong>Are you working on paying extra on your mortgage?&nbsp;<\/strong>&nbsp;<strong>Do you like the advice from Holden Lewis?<\/strong><\/p>\n\n\n\n<p><strong>Please let me know in the comments below.<\/strong><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n","protected":false},"author":3,"featured_media":13770,"comment_status":"open","ping_status":"closed","template":"","epcats":[695],"eptags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v22.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Pay Extra on the Mortgage (Principal, Not Interest!)<\/title>\n<meta name=\"description\" content=\"Looking to pay extra on your mortgage? Holden Lewis from NerdWallet shares how to pay down your mortgage principal (and not your interest).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marriagekidsandmoney.com\/podcast\/pay-extra-on-mortgage-holden-lewis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Pay Extra on the Mortgage (Principal, Not Interest!)\" \/>\n<meta property=\"og:description\" content=\"Looking to pay extra on your mortgage? 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