Refinance Home Mortgage... Why you should NEVER Refinance your home mortgage without understanding the ramification and the true cost. In this video, I'm going to expose the truth about refinancing your house into another 30 year fixed mortgage. I'm going to share what bankers and mortgage brokers don't tell you about refinance home mortgage. I'll also share a better alternative to saving money on interest and paying off your mortgage faster using a little less known concept called the Accelerated Banking (also known as Velocity Banking)

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Your banker or a mortgage broker may have told you that you can save money through refinance home mortgage. However, they're not telling you the ENTIRE truth. I'm not a banker, attorney, or accountant but it doesn't take a rocket scientist to punch a few numbers on a calculator to find out the truth. Math never lies about refinance home mortgage. If you refinance your mortgage into another 30 year fixed mortgage (even at a lower rate), you'll actually end up paying MORE interest in the life of the loan.

Here's what happens if you take another refinance home mortgage for 30 years amortization:

You reset your amortization clock back into the front-loaded interest zone.
Your banker or the mortgage broker may tell you that you can save money every month by a reduced monthly mortgage payment. This is the SAME trick that a snake-oil car salesmen use to get you to buy a car with a bad deal. The banker or the mortgage broker may tell you that you can "save" a couple of hundred bucks on the mortgage payment but have you wondered how much of an interest you'll pay in the span of the entire 30 years? They ONLY want you to focus on the monthly payment just like a car salesman and not focus on the TOTAL cost of the loan.

When you take another 30 years refinance mortgage, you go back to what's called the "front-loaded" interest zone. No matter what the refinance rate is, vast majority of your mortgage payment will end up paying the interest, not the principal. So let's say you refinance your mortgage today and your monthly payment is $1000 a month. A good chunk of that $1000 is now going towards paying the interest NOT the principal. Whereas if you would have continued with your current mortgage, you would be farther down the line of your amortization schedule, thus paying more principal than the interest.


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The Kwak Brothers are millennial real estate investors who have acquired over 82 Units of Rental Units and have raised over $20,000,000 of capital for their real estate deals. They are based out of the Chicago-land area and they are dedicated to helping hard-working people become financially free real estate investor! They specialize in owner financing acquisition and raising capital. They are the creator of the FORCE Strategy (Find the deal, Owner Finance It, Raise the Capital, Cashflow It, and Expand your Financial Freedom)

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.

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