👉 The quick brown fox jumps over the lazy dog, and when it comes to predicting future financial events, we need a different perspective than just jumping from one thing to another without thinking about what's actually happening.
Imagine there once was an individual who had a dream of owning their very own home. But as they grew older, they realized that buying a house would not be affordable in the years ahead. So, instead of going through the hassle and expense of getting a mortgage, this person decided to stay at home and start living on what they could afford. Now, imagine if we were to take this individual's dream and run with it. We're looking at a scenario where the rates for mortgage loans went up significantly in 2025, making it nearly impossible for them to afford their first house or even put down all the down payment required. To illustrate this example, let's say that the individual decides to take drastic action by refinancing their existing mortgage. Instead of paying off $100,000 a year and accruing interest over time, they decide to pay off the entire $200,000 balance with the money in 2025. If we were to calculate how much this would save them, it's clear that by refinancing their mortgage for the next two years, they would be saving a whopping $600,000 in interest over a span of 10 years. This means that even if the future
