How I Have A 0% Interest Rate Mortgage

Подписаться 1,3 млн

Просмотров 54 тыс.

50% 1

🎁 FREE GIFT! Get My Free $10,000/Month Ebook: wholesaleted.c...
WATCH MY MOST POPULAR VIDEOS:
⏩ Start ANY Online Business With $0: • How To Start ANY Onlin...
⏩ The REAL Reason I Became A Millionaire In My 20s: • The REAL Reason I Beca...
⏩ Making 30 T-Shirt Designs To Sell In 4 Hours: • How To Create 30 T-Shi...
💡 The purpose of my RU-vid Shorts videos is not to provide a step-by-step guide to getting rich, or to copy other people's businesses or products. The purpose of my RU-vid Shorts is to inspire by showing that once you have a great product or business idea, creating it is much easier than most people think ✨
IMPORTANT DISCLAIMER - PLEASE READ:
🙏 All content on my channel is my personal opinion. I am NOT a lawyer, accountant or financial advisor. I do not have any professional licenses. My opinions are not a replacement for the guidance of a professionally trained and licensed individual.
Some links in the description may be affiliate links. This means that I may get a commission if you click on the link and purchase something. Using those links are optional but they are always appreciated. Thank you 🙏

Опубликовано:

4 окт 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 101

@eloiseharbeson2483 Год назад

In other words, if you don't need a loan at all you can get one at a good rate. Who knew?

@horsepanther 7 месяцев назад

Rich people can get richer a lot easier than poor people.

@JustMeTalking Год назад

I have my own Business... and no Mortgage. Yep, and it's at 0% ... go Me... 🎉🎉🎉😊

@ramonsanchez5541 Год назад

yes .. you can be do that after you get your mortgage unlocked .. after unlocked we can do that if the bank let us do it

@gabegabber2996 Год назад

Guess I'm not ready to own a house or be a business owner because I still don't understand. 😢

@yeetyeet7070 Год назад

She is very wealthy already, that's the loophole. Her business makes so much money that she can just have 100k sitting in her bank account.

@yeetyeet7070 Год назад

Step 1: be insanely priviledged

@caroltz8220 Год назад

@@yeetyeet7070she's not privileged, she built her business from the ground up beginning as a teenager and earned all that money

@teaandbecky Год назад

The USA doesn't have this.

@WholesaleTed Год назад

That's a good point. I do believe that USA has something similar though with some financial institutions, it's instead called an All-In-One Account.

@miscellaneousista Год назад

I actually don’t really inderstand it, or am I stupid haha? Can someone explain? Btw dont think this works in europe/ netherlands right?

@ivan33776 Год назад

Well, "I'm a business owner, I don't have a job". No job - no mortgage.

@ivan33776 Год назад

At least in Canada having a job AND money for a down payment - you still either can't get a mortgage or can't get enough to buy smth decent. Talking about Ontario

@cameronlarocque464 Год назад

Thank you very smart unsure if I can do that here but will check

@lauram8921 Год назад

Oh great to know! I’ve put off buying a property in this current climate. More videos like this please 🙏💜

@saintmichiel Год назад

in the netherlands every person may deduct their mortgage interest, zero costs without a business, and there is no capital gain tax for flipping your own house you live in, tax free

@tianna_CD Год назад

What happens Sarah when it's time to pay the taxes?

@ocean8866sea Год назад

I don't understand how this works. I have money in savings but how does that offset the mortgage? And if we were to opt to defer taxes until later, how would that offset the mortgage?

@petiteharicot Год назад

Usually these mortgage accounts have a separate account to offset the loan. They will not be using your savings account to offset because it is for your savings. Most likely they’ll give you a current account for this purpose. If you have extra money in your savings, you can move it to this account which will offset your mortgage 🙂

@rightwingprofessor1356 Год назад

You PAY no mortgage interest but you also EARN NOTHING, or next to nothing, on your $100,000. Also, NOT legal in the USA.

@angryadrien Год назад

personally, I don't understand why a millionaire has a mortgage. I assumed they would just pay cash. I love your videos, Sarah, keep rockin' it

@WholesaleTed Год назад

Thank you! A mortgage makes sense if you can better utilize your money. For example: since I have tax money that has to sit there anyway, I might as well use that as an offset mortgage, and instead use the cash I would have paid to purchase additional investment property (or more). That way, I have 2 properties gaining in capital value, rather than paying in-cash for just 1.

@lucasasselmeier7825 Год назад

Debt is actually leverage. Dollars are worth less every year. Paying back dollars grows cheaper and cheaper, rents grow ect

@roflcopter645 Год назад

Thanks for sharing your knowledge. Much appreciated.

@napa2981 Год назад

What bank account is paying you over 6 percent interest right now? Interest rates on a mortgage in the US are between 6-7 percent right now

@WholesaleTed Год назад

I don't live in the USA. Every country has their own interest rates 🙏

@MKSouthernStar Год назад

Thank you foe sharing this invaluable knowledge with the masses 🙏

@gurutruecrimeguru1405 Год назад

Hey Sarah, you should do a video on how you have so much energy.

@bobbiking2123 Год назад

😏😉☺️

@NurseValentine7 Год назад

I love watching your videos. I have learned so much from you. You are absolutely brilliant !!! 😊 Have a blessed day Sara!!!

@newkirk7591 Год назад

That cant be in this country, The US is too greedy to offer that option.

@numberoneappgames Год назад

I just learned something new! :D

@purpleheart1836 Год назад

In todays banking climate, is this still a good idea? Also, this is a bit different in the USA, it’s called an all in one mortgage with only few lenders

@WholesaleTed Год назад

Everyone would have to figure out their own banking situation. Here, we have very secure banks. The only alternative would, in theory, for me to pull out my tax money as cash & store it in a vault, or to store it in a bank. I'd much rather store it in a bank!

@robearney5372 Год назад

@@WholesaleTed I'm not from NZ so I'm not sure about your Banking System. However, I'm aware of Bank Bail-ins. Where only $250k is insured. I believe these were implemented after 2008. Not sure how that affects your offset account. The Banking System here in Canada is strong, as I'm sure it is in NZ. But we're all tied to the USD. And in these crazy times who knows what can happen. I do love offset accounts though, I had one in Australia. Love your Channel, been following before Tiktok & YT Shorts ❤

@maxxpro4 Год назад

@@WholesaleTed as secure as SVB?

@Killjoy797 Год назад

Sweet!

@tianna_CD Год назад

Will have to check if this is offered in my country, never heard of any if the sort.

@alejandroescobar5993 Год назад

SO SMART SO BEAUTIFUL 🙏👍😎

@lorenzolamas1768 Год назад

Damn you must have a business making a lot of money considering you can offset using just taxed money

@AaAa-sn1rh 10 месяцев назад

there are comments here suggesting you don't earn anything, but you're saving on interest that you would otherwise have had to pay. Also, you would also have to pay taxes on interest earned.

@radiantlibra87 Год назад

Does this only apply to conventional loans? Asking because y'all mentioned Freddie Mac and Freddie Mae.

@gurutruecrimeguru1405 Год назад

Can you do that in New Zealand?

@andoncroft5154 Год назад

I'm in love with Sarah, she has NO IDEA how beautiful and GORGEOUS she is 😊❤️

@robertospadaro8477 Год назад

Smart girl

@89aljones Год назад

This is only relevant if the amount of tax you owe is of equal value to the value of your mortgage. This is applicable to such a small percentage of the population and this vid is just a flex…

@isaacmtamou8070 Год назад

So you need a lot of money to save money

@BelovedbyAdonai Год назад

For the ?th time..............,you're brilliant 😌👍

@gladicus_ Год назад

So all i need is 300k+ in tax money from my business in a bank account? That doesn't seem very easy :/

@Lemonz1989 Год назад

A productive way to use debt :)

@cxa011500 9 месяцев назад

So if you have a lot of money, things cost you less. 🤔 What a crazy crazy world we live in. 😅

@Danijones4571 5 месяцев назад

OMG I could do with content from you on how to buy a house! I have a downpayment and a great job but the banks won’t loan me a workable amount because I’m not permanent. It’s ruining my life I have no where to live my health is down the drain. If you know any tricks to get around a low amount that would be awesome. Currently I’m studying the triad of e-commerce, stocks and youtube to try and make the money outright.

@DSteerTV Год назад

Well i messed up by not having that money first

@NWLAutowerks Год назад

If you don’t already have a full-length video explaining this structure in more detail, I’d love to see one!

@yeetyeet7070 Год назад

if you didn't get it now, you wont get it "in more detail" either

@johnnyw4life Год назад

Wow I wish I had a spare $100,000 dollars to just sit in a bank only to offset interest payments… 🙄

@angryadrien Год назад

she literally shows you how to do it....good luck!

@WholesaleTed Год назад

Haha. It isn't money that's "just" there to offset payments. It's money I owe to the government, but that the government only collects a few times a year. Otherwise no, I'd have it be doing more useful things!

@Leonjyr 2 месяца назад

What is mortgage free??

@promptjungle Год назад

Write that down.. write thaaaat down 😅

@saulgoodman2018 Год назад

These are 2 different things. You have to pay taxes on your business no matter what. Why would the bank do this? They'll be making no money from you.

@katrinab7657 Год назад

My thought - if she has $100K or so just sitting in an account, the actual money isn't there. The bank will be leveraging her $$$, investing it to make larger returns. So she saves 5 percent or so in unpaid interest, the bank may make say 8-10 percent or more on the balance in the account. Everyone is happy. The bank gets a large sum to work with, that is essentially locked in, instead of monthly mortgage payments that just trickle in. Also, mortgage payments can stop at any time if a buyer gets into financial trouble. It's almost guaranteed cash if a buyer is financially stable enough to do this strategy.

@sabrina_ricci Год назад

They make plenty of money hedging that $100,000+ you're "storing" at/lending to the bank.

@WholesaleTed Год назад

There are 2 major ways that banks make money: 1) Lending money & getting interest on the loans. 2) Using money that is deposited to reinvest to earn money - such as lending that money out to new customers for loans. To encourage you to deposit money in their accounts so they can leverage it, they will use a range of incentives such as: * Paying YOU interest * Allowing you to do things like offset your mortgage You don't have to pay taxes immediately: you pay them when they are due. It would be a waste for me to not be using my tax money that is sitting around, waiting to be due, to be leveraged to earn/save money, such as through this.

@saulgoodman2018 Год назад

@@WholesaleTed I know all of that. But they are making no money on the mortgage.

@saulgoodman2018 Год назад

@@katrinab7657 They already do that now. At least in the US.

@kangaroojack7678 Год назад

I don’t have a 100000 like u but great idea

@hotrodlincoln7186 Год назад

Nice if you have that amount of money in the bank smh 😆

@konnick5262 Год назад

This vid is the real deal!

@JIMKOR Год назад

Does this work in US

@craigme2583 Год назад

Video not working Sarah

@SashaYery 7 месяцев назад

99th🥳 i 💖 checking this kind of info. out

@johnmichaelreyes2587 Год назад

This sounds neat, just wondering if it is legit? I also really thought this was going to be satire.

@jumpman5150 Год назад

Somebody let me borrow $100,000 please 😅😂😢

@travelwell6049 Год назад

Yep, that’s how the rich get richer. 🤷🏽‍♀️

@lauram8921 Год назад

Is this also for Australia? Or just NZ?

@intotheblue970 Год назад

Yes, Australia too

@lauram8921 Год назад

@@intotheblue970 ok cool. I had no idea!

@mjp152 Год назад

So to avoid a traditional mortgage of $100,000, you just need $100,000 in the bank. Truely sage advice...

@WholesaleTed Год назад

I'll be honest, your mocking comment makes no sense. You are mocking the idea by saying well, if you have $100k sitting around, then you could just pay off your mortgage with it. However, as I explained in this video, this is TAX money that I owe to the government. I can't just use it to pay off my mortgage. And so I keep it in a safe account that also offsets my mortgage. Yes, if you have a job this doesn't work: but that's the point of this video, that as a business, you get opportunities to leverage your cash that employees don't. Even if am employee earns the same amount of money as a business owner, the business owner has a lot more opportunities to get extra value from the money they earn because they don't owe taxes immediately from their income 🙏

@mjp152 Год назад

@@WholesaleTed That's not what I said. My point is you need to have earned quite a significant amount of money to do this.

@WholesaleTed Год назад

To clarify: This video isn't saying it's a step-by-step tutorial for everybody to learn how to pay 0% mortgage - this is a video showing how *I* personally do it and that's how I titled it as well. And my hope is in showing how I do it, that it can then help inspire people by seeing that there are a lot of interesting ways to use money that they may have not considered. And for many business owners, they have never considered using their tax money like this before: and even if their taxes are a fraction of mine, they can still use their tax money now to gain extra value 🙏

@realtalktina Год назад

I was in when she said I don't have a job I'm a business owner and I was out when she said if you have 100k in the bank 😅#realtalk

@galaxystars6409 Год назад

Why dont u just buy it in full? Millionaire aint you?

@subprime2006 Год назад

Sound great until the IRS takes your darn house. We will spend the money we see or perception of money coming in. Darn click bait videos.

@WholesaleTed Год назад

How is this clickbait Michael? My title promised I would show how I pay 0% mortgage, and it showed exactly how I do that. I don't quite understand this comment, why is the IRS going to take my house? Where I live, New Zealand, this is all legal 🙏

@Buggu3 Год назад

Try not pay n taxes in America 😂 then c wat happens

@michaelnguyen3201 Год назад

who in their right mind would leave let’s say 400000 (mortgage loan) in a savings accounts just to offset the so called zero interest while paying bank fees and other charges associated with this loan? Wouldn’t you rather put the 400k in a 6mth treasury bill to earn 5%, so in six months you would earn 400k x 5% = 20k??? Btw…FDIC only insure up to $250000…so If the bank collapses you are S.O.L. Unless you bank with svb 😂😂😂, people don’t fall for this scam

@WholesaleTed Год назад

All of what you stated applies to people living in the USA and I think it is good to keep that in mind when criticising someone's investment choices as what is good in some countries, may not be good in others. I live in New Zealand. Our bank interest rates are better than Americas, we have different (worse) bond opportunities to what you have, and my bank here is mostly owned by the government securing the deposit for much more than $250k 🙏

@kamm3021 Год назад

And now she's flexing in shorts 😒

@katrinab7657 Год назад

She's giving legitimate financial strategies. I appreciate it because I don't know many people with enough money to know or implement this stuff. I hope to have substantially more money and I need to prepare myself.

@ceesparxxx Год назад

That's how you do it 💪 I don't believe in buying a house (unless it's a tiny home or #VanLife).....but if you were ever going to, this is the way to do it!

@retromojo1 Год назад

yawn

@gallypants Год назад

Not everyone has the money to offset a mortgage like this, the rich get richer, disappointed in your content here, kinda pointless

@gallypants Год назад

@Wholesale-Ted.. not a great response Sarah, people come to your content as it has always been accessible to all, especially free methods to do things etc, just think this particular video goes against that, look forward to seeing your better stuff, just some honest feedback

@WholesaleTed Год назад

Gally, that person was a fake spam account impersonating me (which is why it wasn't called Wholesale Ted, it was Gmail-sarahchrisp92) that was trying to scam you, which is why it gave such a strange reply. I've discussed the scam a lot on this channel, and I made this video explaining it: ru-vid.comtaek09vYlJ8 I'm sorry the video wasn't helpful. I understand your perspective, I will keep that in mind for any future videos. Please do not though that people impersonate me as a way to scam - please do not ever actually message them, I will never ask anyone to message me :)

@gallypants Год назад

@@WholesaleTed thanks for the (real) reply 😜 much appreciated, not many people are even that bothered, thanks for the scam reminder too