Hi guys, Welcome to the Advanced Video Search Engine, and you are watching HACKS to PAY OFF Your HOME - How to pay off Your Home Quick. That video is uploaded by Utahs #1 Realtor on YouTube Ty the Real Estate Guy at 2020-05-20T05:44:50-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [KaWlseabee8]
| Name | HACKS to PAY OFF Your HOME - How to pay off Your Home Quick |
| Video Uploader | Video From Utahs #1 Realtor on YouTube Ty the Real Estate Guy |
| Upload Date | This Video Uploaded At 20-05-2020 12:44:50 |
| Video Discription | HACKS to PAY OFF Your HOME - How to pay off Your Home Quick This video will teach you how to pay off your home mortgage early. There are many wonderful advantages to owning a home, but the large dept & that annoying monthly payment can really weigh on your mind. This video is going to focus on the many different things you can do to pay off your home quickly. On a $300,000 house, you could easily pay $200,000 in interest to the bank for the privilege of borrowing their money. By paying down your mortgage quickly, you will easily save tens of thousands of dollars & potentially over $100,000 in interest. There are two ways to pay off your house sooner. You can pay more to principal or you can make payments early. Most importantly, protect your investment by having plenty of cash in reserves before you start to pay down your mortgage. Ty Wilde Utah Realtor 801-995-2337 TyWilde7@gmail.com Wise Choice R.E. Find me on Social Media - Instagram: https://www.instagram.com/ty_the_real_estate_guy/ Twitter: https://twitter.com/Ty_Wilde Facebook: https://www.facebook.com/TyTheRealEstateGuyUtah/ Subscribe to my channel for the best Real Estate, New Home Construction & Home Tour videos on YouTube. Recommended videos: How buying a home builds wealth - https://youtu.be/yl9tEI02blM Why You Need to BUY a HOME in 2020 - https://youtu.be/gPObqfFXadE Building a home vs. buying an existing home - https://youtu.be/DeW06h6Ogzg The Proโs & Cons of paying off your house early - https://youtu.be/J6kyVQO8B4o Should you refinance your mortgage - https://youtu.be/Tab7xoFTmFg The #1 Millionaire secret to building wealth - https://youtu.be/SQwSxJf7g1M #1 Donโt buy more house that you need. #2 Pay down the principal. This is the easiest strategy to implement & itโs something I do. Simply add extra money to your mortgage payment each month. #3 Use pay raises & extra income to pay down your house quicker. As time passes, for most of us, our salary increases. So instead to buying that fancy vehicle youโve been dreaming about since you were a 12-year-old, apply that extra income toward your mortgage & keep your living expenses the same. #4 Make bi-weekly payments. This popular strategy is a simple way to knock 4-7 years off your loan. By making bi-weekly payments youโre doing two things to help you pay off your home faster. 1st, youโre paying an extra payment each year but, youโre also paying down the principal a little sooner with each half payment. #5 Remove mortgage insurance. When most people buy a house, they canโt afford to put 20% down. If this is the case, youโre being charged mortgage insurance. Once the mortgage insurance is removed, keep paying the same amount, applying those additional funds toward your principal. #6 Budget your money. A budget will put focus on your money & it will hold you accountable. This will reduce wasted spending which in turn will allow you to pay down your mortgage faster. #7 Get a side hustle. #8 Use your house to pay down your house. Could you rent out a room, the basement or another portion of your home on a permanent basis or while you travel. #9 Reduce your expenses. Look at things you can do to save money. #10 Downsize or move further from the city or even to a different city or state. #11 Make payments sooner. This strategy actually wonโt cost you an extra dime. Simply make a half payment two weeks before your payment is due & then make the second half payment at the time your mortgage is due. #12 Refinance your home. But, donโt refinance to a longer term, that would take you backwards. This works great for those whoโve been paying down their home for several years & can refinance to a 10 or 15-year loan, with a lower mortgage rate. #13 Use an amortization Schedule. Google amortization schedule calculator, then input your loan amount, your mortgage rate, & number of years youโre aiming for to have your house paid off. The calculator will tell you how much you need to pay each month to accomplish this goal. Bonus Strategy โ This is a Full Fledge Assault on your Mortgage. Would you like to pay off your home in 15 years instead of 30? Thereโs a simple way to make double payments without breaking the bank. This is a great way to pay off your home super quick, maximizing the amount of money that goes towards your principal. To make a double payment, just add the principal due on the next mortgage statement to your normal payment with a note to the lender to apply the additional funds to the principal. Ty Wilde is Utah's best real estate agent on YouTube with over 100 real estate videos. Ty is Utah's best Realtor on YouTube for New home construction videos. Ty has some of the Best Videos on buying a home, selling a home and Real Estate investing. Subscribe to Tyโs channel for the best real estate videos on YouTube. My Books on Amazon: THE NEW HOME SALES POCKET GUIDE EVERYTHING I TOUCH TURNS TO SOLD Editing done by - https://www.youtube.com/channel/UCR3aV0D4k-gqkxP2uCxIMeQ KaWlseabee8 |
| Category | Education |
| Tags | How to pay off Your Home Quick | how to pay off your home | HACKS to PAY OFF Your HOME | how to pay off your house early | how to pay off your home faster | debt free | pay off mortgage early | mortgage payoff | debt payoff plan | mortgage free living | mortgage free | mortgage payoff strategies | house payoff | payoff home loan early | payoff home loan faster | home loan pay off early | how to pay off your | how to pay off your mortgage early | financial freedom | get out of debt | Ty Wilde |
