Revolutionary Mortgage Strategies: Eliminate Your Debt Faster

Dylan Silver (01:32)
Hey folks, welcome back to the show. I’m your host, Dylan Silver. And today on the show I have Jessica Dawson. Jessica is a real estate agent, but also is going to be talking with us about a way that this interfaces with also some other areas tangent to the real estate space. Jessica, welcome to the show.

Jessica Dawson (01:53)
Thank you. Thanks for having me.

Dylan Silver (01:56)
Absolutely. Let’s hop right in and start off at the top. How did you get into the real estate space?

Jessica Dawson (02:02)
⁓ Believe it or not, my degree is in real estate and urban analysis from the University of Florida where I studied finance and economics. ⁓ Yes, I did not go straight into real estate. Believe it or not, I landed in big box retail and have returned to the real estate side armed with a different license.

Dylan Silver (02:11)
That’ll do it.

I tend to think that this is also probably colored by my ⁓ optimism on the real estate space that for entrepreneurs and people that are looking for a spot to settle in, have that entrepreneurial itch. That real estate is the best.

place to be in if you’re gonna you know shoot an arrow and pick a spot for your passions. Real estate’s probably I would tell anybody go do real estate if you got passion about entrepreneurship and not sure which path to take.

Jessica Dawson (02:54)
There are a ton of benefits worth real estate, even when it comes to taxes. I’m sure y’all talk about this online when you’re doing different upgrades and how you can write different things off.

Dylan Silver (03:08)
It’s unbelievable.

I have had now, I think so many tax specialists on this show here. I remember the first guest that I had talking to me about cost seg, cost segregation, and me having no idea what that was and just kind of a fish out of water. Then I’ve now had so many guests talk about this and they say, well, do you know about cost seg? And I say, I’ve heard this before. Even last week I had a guest talk about mini cost seg.

He said, well, I don’t know if you’ve ever heard about it. said, I got you. I’ve heard of this before, basically depreciating ⁓ certain aspects of a home, even if it’s just your one home that you own and you’re not a ⁓ serial real estate investor, you could take advantage of that just on your house. But Jessica, I’d like to pivot here. You mentioned before hopping on here how your ⁓ real estate license also interfaces with ⁓ another ⁓ aspect of this space or a tangent space.

and this is new to me, so let’s hop in and let’s talk about that.

Jessica Dawson (04:10)
So let me give you a quick background. have a financial technology company. love finance, which led me into wealth protection, which led me back into the company that I work for now. And they have created a product that is merging of a few products. And since it has some financial technology in it, I picked up on it rather quickly. And it has to be one of the most

fascinating pieces of finance I’ve ever seen. People can either go into a mortgage for 30 years or they can work with one of us and there’s a hundred and eleven of us and we teach them a strategy that will pay their house off between about five and seven years. They will save around a hundred thousand or more.

and then we create them a potential six-figure retirement plan on the back end.

Dylan Silver (05:12)
That sounds…

Jessica Dawson (05:15)
Now, the

crazy part is, it’s the same money, income and expenses, and you don’t have to change your spending habits.

Dylan Silver (05:24)
So let’s dive in there. So help unpack this for me a bit, maybe without giving away all the gold, because this is your secret sauce here, right? So for someone who takes out a 30-year mortgage, it’s going to take them 30 years to pay it off. Let’s say they’re making, let’s just call it somewhere between $80,000 to $100,000 a year, which would put them at smack dab middle class. And they can somehow find a way to shorten that 30 years down considerably.

Jessica Dawson (05:53)
Yes, our country right now, we need our Americans, our fellow citizens out of debt. This has got to be one of the fastest ways I’ve seen to come out of debt and the benefits. I could talk forever about the benefits, but the main part that I want to focus on is the problem.

If you have a $300,000 mortgage today and you got a 7 % interest and I think interest rates have gone a little bit lower, that creates right around a $2,000 a month mortgage payment. If you take that $2,000 without the insurance and the taxes and multiply it times the $360, which is 12 payments for 30 years, you come up with $720,000.

You minus that original 300,000 out that you thought you were paying for your house. And there’s 420,000 of interest going to the bank. And that’s what we zero in on. Everybody talks about the tax man, but the interest man, his brother is not as nice. And I like to go after him as well.

Dylan Silver (07:56)
Okay, so how much can we disclose on this? How much can we talk about on this show here, Jessica, as far as strategies?

Jessica Dawson (08:04)
⁓ I can’t you know, I had a meeting yesterday with the guys that actually created this application ⁓

They have put this, this is a still a startup. It’s in the, I love the feel of a startup. We’re still a young company or young agency and the partners that we have are absolutely incredible and they work with us and the two gentlemen that are Sean and Matt that have created this have put a lot of money into the actual software that we use. When I meet a client, all I need to do is

get some basic information and that is fair market value of the house, the present ⁓ amount that they still owe, their interest rate, mortgage payment, ⁓ the term how much longer they have left, and then their income and expenses.

And with that information, I run it through two computers, all of the agents do, and then we are able to make a presentation to the client to show them exactly how it would work. Now, I can show you a payoff scenario. Let me make sure it comes off.

because I had to change the name. Let me see if I can change it just a little bit. That way they can’t see their name. Can I share?

Dylan Silver (09:37)
Sure.

Yeah, there’s a share button at the bottom of the screen here.

Jessica Dawson (09:42)
Okay,

so I’m not sure how old you are, but when you were younger and you got something new ⁓ and you want to go show your friends, you would run next door and go, hey, check this out. This is the same type that the same thing I’d like to do is because of this software program. They spent over a million dollars on this software to show us what it does.

Now it’s going to run a scenario. I’m going to lead up and explain what I’m, what we’re looking at. We had a young couple come in. I talked to them. I’ve got their information. They got it. I’m based in Orlando. So their house is in Orlando. This is a husband and a wife. They gave me their inputs and they are actually in the, ⁓ industry as well.

So I do train and I work with real estate agents on this strategy, but their fair market value of their house is $400,000. Their current balance is $342,000. The interest rate that they gave me is 6.675. They have 28 years left remaining on their mortgage.

They have a $2,996 a month mortgage payment and that’s with taxes and insurance. But they have a rather good income and this is income of $11,500 a month. So that’s after they’re actually got some good money coming in. Their estimated monthly expenses.

They are some of those people that are very frugal and they have $4,000 a month in expenses. And if you want to change these numbers on this scenario, we can and I can show you how the computer works. So I run that through two programs and the payoff report that I’m going to show you.

I’m just going to have to read it off.

Dylan Silver (12:40)
That’s okay, I think we’ll get a good grasp of it from reading it off.

Jessica Dawson (12:43)
So

the current scenario on this family, they are going to pay a total interest of $414,000 in interest. The interest as a percentage of the total loan is 121%. And since they had 28 years left, they’ve got 336 payments left.

That’s 28 years. Now, working with us, we teach them the strategy. They will pay off their house, make sure I got yes, in 4.33 years.

That is 23.67 years faster. They will save a total of $343,000 in interest. That’s the interest guy that we’re going after. And then since these two young individuals, we created a $294,000 annual

tax advantage retirement income and that’s 294,000 every year.

That’s the benefit of having two licenses. I’m allowed to use my real estate license up with my other license. And this product, when you start to look at it, why would you want to pay the mortgage when you get all the benefits? Because you go from $414,000 in interest paid when you go into the MFL strategy, you pay $70,000 in interest.

Dylan Silver (14:17)
Hmm.

Jessica Dawson (14:39)
The total percentage of the loan, the interest of the loan is only 19%, 19.96 % of the loan. You go from 336 payments down to 52 payments.

Dylan Silver (14:56)
Hmph.

Jessica Dawson (14:58)
Now I can run over another couple that is a little bit older. Now those two people right there, they were born in 87 in 1991. Now I’m gonna go to another set of clients.

Dylan Silver (15:11)
Okay.

Jessica Dawson (15:23)
these individuals were born in the latter part of the 70s. So the retirement package does not have as long to compound in what it’s compounding in. Now, their house fair market value is $406,000. They have a current balance, because they just moved into the house, of $297,000.

They just got a 6.5 % interest rate on their loan. They have 30 years left. Their mortgage payment is $2,862. Now their income is a little bit lower and it’s right around $7,000. Their estimated monthly expenses are $4,300.

So I go to the payoff report.

They will pay their house off in 8.92 years.

That’s 21 years faster than that 30 year mortgage. The interest that they save by getting out of their mortgage is $227,000. And then I created them a $37,000 annual tax advantage retirement plan on the back end. So that starts when they turn 65.

Dylan Silver (17:04)
Hmm.

Jessica Dawson (17:07)
So this animal is one of the…

Dylan Silver (17:07)
How much, how much,

Jessica, how much of this can we talk about as far as the strategy, granular level, how they’re doing?

Jessica Dawson (17:57)
That’s the bread and butter of the entire process. That’s where we as agents, ⁓ as we’re teaching this to everyone. We are really informing them about how to move their money and how to position their money going into the beginning of the month to the end of the month.

Dylan Silver (18:10)
Got it.

I see, okay.

Jessica Dawson (18:24)
And

I’m sure I know you’re going to want to know how this works. ⁓ I was, it’s very hard to explain this product without diving into it, without giving too much information.

Dylan Silver (18:36)
Sure. Let’s save

some gold for folks to reach out to you after the podcast, of course, after they hear this. Where can folks take advantage of these strategies? Do they have to be specific to an area of the country? ⁓ And where do you have clients?

Jessica Dawson (18:53)
No,

no, ⁓ I am located in the state of Florida. So I work with real estate agents in the state of Florida. If I find somebody who wants to move into central Florida, which is where I am right around the Disney area, I will pass that paperwork off to one of my fellow real estate agents.

and I will still work out a contract with them so I still get my benefit from having my real estate license. But it’s their clients that actually have an opportunity ⁓ to have another financial vehicle or strategy that will benefit them.

And if their clients pay their house off in less than five years, and I’ve seen it down to two years, what are they gonna do? Are they gonna come back and get another house? Yes. And they’re gonna either get another house or buy a rental property, because now they’ve got the funding to invest in more things. To me, studying economics,

Dylan Silver (20:04)
Wow.

Jessica Dawson (20:06)
This has got to be the fastest way, the most efficient way of getting Americans out of debt. And we all see a lot of people that are in over their head. So we get people out of debt, they start spending money, then that makes the machine work again. ⁓

Dylan Silver (20:19)
Yep.

Jessica, I

have a general question pivoting a bit here. ⁓ Again, without giving away the game here or all the sauce, is there a parallel between this that people can apply to other debts as well? Or is this strategy just specific to the real estate market?

Jessica Dawson (20:46)
If I explained that and it’s hard, some of the benefits that come with this. The tax advantages that come with the retirement plan, the learning how to use your money wisely.

Dylan Silver (20:54)
Okay. Got it.

Jessica Dawson (21:09)
We’re licensed financial professionals and the two gentlemen that have created this have their 63 and 65. So they are able to say that they are a wealth manager. I’m a licensed financial professional. I’ll just talk about my product. I know about what they’re talking about, but my legal… ⁓

standards, I’m not allowed to talk about tax strategies or give tax advice or I don’t want to go out of my realm doing that. But the the program is got to be a game changer for so many Americans out there.

Dylan Silver (21:41)
turn. ⁓

One question that I have thinking about this, you’re in Florida, right? Do you have clients outside of Florida at all? you thinking of expanding outside of Florida? We would love to have you in Texas. I’m in Texas, I’m in Dallas, right?

Jessica Dawson (22:05)
Yes,

we are licensed that particular, this strategy works nationwide. Now, I gotta say Texas is a little interesting because they have a few more loopholes that we have to go through.

because the banking industry is regulated a little bit different. I’m not sure if it’s because of the oil industry in the past, I’m not sure. But they are very strict on certain guidelines. But I work with this product across the nation. I’m not stuck to the state of Florida. That’s the reason why I like working with real estate agents. If I go to a conference, I can use this program anywhere in the country.

Dylan Silver (22:51)
Very cool.

Jessica Dawson (22:52)
So there’s 111

agents. I believe that I’m the only agent that’s in the state of Florida that has a real estate license. Matter of fact, I’m pretty sure I’m the only one that has both licenses as far as the 215 and the real estate license.

Dylan Silver (23:14)
Jessica, you know, we’ve talked about ⁓ in broad strokes the use cases for this and the ways where people can significantly cut down on their time frame to pay off their mortgage, which is the bedrock of most people’s wealth in many cases. But we are coming up on time here, Jessica. Where can folks go to learn more about this and to connect with you?

Jessica Dawson (23:41)
They can go to mortgagefreelife.com and see there’s a list of all the agents. If they want to get in contact with me, they can go to Jessica or email me at jessicad at mortgagefreelife.com. And this is my office number. Should I give out my office number? It is 321-483-

Dylan Silver (24:03)
Yeah, if you’d like.

Jessica Dawson (24:09)
two five five five again that’s three two one four eight three two five five five ⁓

Dylan Silver (24:19)
Jessica, thank you so much for coming on the show here today.

Jessica Dawson (24:24)
Yes, ⁓ I appreciate you having me on your show. And if you would like to see behind the scenes and see how everything works, I would love to show you if you have time.

Dylan Silver (24:38)
Absolutely. Thanks for coming on here.

Jessica Dawson (24:40)
Yes.