# The Smarter Way to Pay Off Your Home

## Метаданные

- **Канал:** Kris Krohn
- **YouTube:** https://www.youtube.com/watch?v=GE6OUlee_j8
- **Дата:** 04.06.2026
- **Длительность:** 1:32
- **Просмотры:** 9,830

## Содержание

### [0:00](https://www.youtube.com/watch?v=GE6OUlee_j8) Segment 1 (00:00 - 01:00)

If your house is worth 300K and you owe 150K, then how much equity do you have? Equity means the difference between what you owe and what it's worth. So, this is the V for value, O is for owing, and we're going to use E for equity, and the equity is also 150,000. If I take my equity and what I owe and add it together, I get the value of a home. So, what can I do with this equity of 150,000? Well, most people can go to a bank, borrow up to 80 or 90% of the value on their home. In this situation, probably free up about $80,000. Now, the bank will let you actually borrow that. It's called a home equity line of credit, or you could just refinance the house. The bank gives you 80 grand cuz they're like, "Dude, this is an asset. You have this money. " What could you do with 80,000? Now, first of all, you're just thinking, "Chris, I'm freaking trying to actually like pay off my house. Like, if I pull 80 grand out, guess what? I don't owe 150 anymore. Now, I owe 230 grand. Like, I'm freaking going into debt. This is not the plan. " Watch. One step backwards might mean 10 steps forward. This 80,000 is enough to buy what? Two homes. If those homes are earning 20%, then in 5 years, I can turn my 80,000 into what? 160,000. By year 10, if I turn that into $320,000, what can I do with that $320,000? I can pay off my house. I can have leftover money, and I did it in 10 years. I didn't do it in freaking 20 years. It'll be even faster than that when you actually look at the compound interest effect.

---
*Источник: https://ekstraktznaniy.ru/video/52596*