Definition: 'Mortgage Freedom' is a phrase that was coined by some economists in 2015 to describe how investors might feel about owning property without having to pay mortgage payments, or without having to make monthly payments on a mortgage loan. The term 'mortgage freedom' refers to the idea that investors would not have to make regular monthly payments on mortgage loans. Instead of paying off their mortgages each month and then starting to pay back interest at the end of the period, they can continue to own the property without having to pay any additional fees or costs associated with owning it. This is a conceptually sound approach to investing in property because it would allow investors to avoid paying any monthly mortgage payments, which means that they could potentially generate more wealth and have more flexibility to invest their money in other assets. However, many people who believe in 'mortgage freedom' may not necessarily agree with the idea of owning property without making regular monthly mortgage payments. Instead of a zero-interest loan, some argue that owning property requires paying back interest on the debt it borrows from the bank or another financial institution. In summary, 'mortgage freedom' refers to an investment strategy where investors do not have to pay off their mortgages each month and start to make interest payments at the end of the period. However, this strategy is only feasible in certain circumstances and may not be viable for all investors who want to own property without monthly mortgage payments. There are also some concerns about 'mortgage freedom' being too easy on investors and causing them to lose their investment capital due to lack of discipline or risk-taking.
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