Berkshire Hathaway HomeService
Monica Nash, Berkshire Hathaway HomeServicePhone: (760) 672-2166
Email: [email protected]

Strategies for Paying Off Your House Fast

by Monica Nash 08/01/2019

You might think those people who own houses saved up until it got to the right amount. Well, this might be possible, but it is difficult to achieve since the temptation to use the money and unforeseen expenses may arise. So how do most people acquire a house? In America today, the quickest path to homeownership is by a mortgage.

For clarity, a mortgage is a loan from a financial institution or lender that helps the borrower to buy a house. While taking a mortgage may seem like an excellent idea, like every debt, you would want to pay this mortgage off as promptly as possible. So if you are nursing the thought of a mortgage or you are finding it difficult to pay off your mortgage in this post, you will find tips you can use to take control of your money goals and pay off your house early. Here are six practical ways to get there faster:

Switch to Bi-Weekly Mortgage Payments

By dividing your monthly house payment in half and choosing to pay every two weeks, you can relieve yourself of financial stress in two ways. Firstly, this extends the cash flow demand required to pay your monthly bill and secondly, it will help slip an extra monthly-equivalent payment annually.

Refinance to a 15-year Mortgage

Another easy way to pay off your house in no time is to refinance your mortgage from the traditional 30-year mortgage to a 15-year term Doing this will offer you a lower interest rate as well as save you a significant amount of money in interest throughout your loan.

Pay extra each month

Adding $50 to your budget is not too much, but when you continuously add this amount or more to your mortgage payment, it can make a massive difference. Although it might look simple to do, it requires a lot of discipline and commitment.

Bring your lunch to work

Coming to work daily with a brown bag can do you more good other than filling your stomach. By packing a lunch instead of buying from restaurants, you save up a reasonable sum of money that you might put toward paying off your mortgage early.

Put your windfalls into your mortgage

Most taxpayers receive a tax refund each year. If you can utilize all or some of that money as a form of extra payment on your mortgage, you will make rapid progress in paying your house fast.

If you're looking to purchase a home and don't want a 30-year payment, consider these factors when determining how much house payment you can afford.

About the Author
Author

Monica Nash

Monica Nash | 760-672-2166 | Call or Text

Berkshire Hathaway HomeServices

2019 President Women's Council of REALTORS San Diego County

Video Profile https://vimeo.com/374905880

Truth | Honesty | Happiness
www.MonicaNash.com | Start Your Search Today

Love, enthusiasm and passion in all that she does. That is a good description of the "secret" of Monica's success. Serving people is something she truly enjoys and listening carefully to each of her client's needs, getting to know them and understanding what is most important motivates her to turn their real estate goals into reality. Her highly skilled level of "Hand Holding" you throughout the process. Whether buying, selling, relocation or leasing, it is her goal to make real estate transactions flow as smoothly as possible. She enjoys helping people achieve their dreams and welcomes the opportunity to be of service to you.

Monica's real estate career is complemented by an extensive background in developing, marketing, graphic design, operations and management. Accompanied with 20 years of design and construction knowledge she has acquired working with her husband, John Nash, who has created and managed world class architectural projects throughout Southern California, including the extraordinary Del Mar Plaza. Her experience has made her extremely organized and technologically savvy. She is an expert in social media and is constantly educating herself to keep up to date with trends and cutting-edge tools in order to effectively market your home and insure it has the furthest reach.

Most importantly, Monica is driven by the relationships she has with her clients. Their needs are her first and top priority and she prides herself in being open and available to answer questions. She operates with a high degree of professionalism and honesty to give them give them a smooth and positive experience. Additionally, Monica has a background in leadership with numerous philanthropic, educational, and community organizations, thus creating an ability to connect with people and build meaningful, trust-based relationships.

Active in the community she serves and loves, Monica supports the San Diego Center for Children, and is the creator/organizer of the annual Santa visit and "Light Up a Life" event every December at Del Mar Plaza for fundraising and gifts for underprivileged children. She also is an ongoing donor to Giveback Homes, a community of real estate professionals committed to creating social change by helping build homes for deserving families around the world.
Thanks to Monica's superior real estate knowledge, willingness to help clients and colleagues alike, amazing positive attitude and outstanding relationship skills, she has received the 2016 REALTOR® of the Year Award from the Woman's Council of REALTORS® She is one of Berkshire Hathaway's 50 Top Producing agents San Diego County Agents for 2018 transactions. Monica's passion for delivering great results for buyers and sellers has additionally earned her numerous sales and production awards from Berkshire Hathaway HomeServices California Properties.
Plan | Hope | Future
www.MonicaNash.com | Start Your Search Today
760-672-2166

Relocation | Hand Holding

You can count on honesty and a strong work ethic when we partner for buying or selling your property. It is important for you to know that I will be available to you and will make sure you are comfortable every step of the way. If you are a buyer I will work with you to find the perfect house or investment property, incorporating your requirements and wants with my market knowledge and experience. When you list your home with me you will have a large local sales force behind you as I work hard to keep your property at the forefront of every local Realtor's mind. With the Berkshire Hathaway name and network of relocation specialists, your property will be viewed by buyers from all over. I am prepared to move at your pace whether you are just starting to consider a change or if you need to move quickly!

Call me now so I can get started working with you right away!!!

www.MonicaNash.com | Start Your Search Today

First Time Home Buyers | Hand Holding

Are you a first time buyer looking for honest guidance and expert negotiation?

I specialize in working with first time home buyers- I make it my priority to be as thorough as possible to
make this huge step as stress-free as possible.

At our initial consultation I will walk you through the home buying process so there are no surprises along the way. I will provide recommendations for you to work with the top mortgage lenders, title companies, home inspectors and attorneys in the business.

When it comes time to tour homes I will allow you the opportunity and space to really experience each house and decide if it feels like "Happiness Is A Home" And when you find The One I will present an offer package to
make You stand out from the crowd.

A prepared buyer is a confident buyer!

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Experience | Specialties | Awards

• 2019 President, Women's Council of Realtors | San Diego County
• 2018 President-Elect Women's Council of Realtors | WCR
• 2018 President's Circle Award Winner | Platinum | Berkshire Hathaway
• 2018 5 Year Legend | Berkshire Hathaway• 2017 President's Circle Award Winner
• 2016 REALTOR OF THE YEAR Women's Council of Realtors
• BHHS Top 50 Producing Agents San Diego County 2016
• Chairman's Circle Award Winner for Production | Top 2% Nationwide
• Performance Management | Prestigious Designation
• Expert Client Follow-up Procedures
• 20 years Design and Construction Experience
• Key Operations and Systems Strategist
• Residential Property Specialist
• Marketing and Graphic Design Specialist

Memberships and Affiliations

• 2015 - Present | BHHS California Properties | The Charitable Foundation - Board Member
• 2015 - Women's Council of Realtors | WCR - Board Member
• National Association of Realtors | California Association of Realtors
• San Diego Association of Realtors
• Asian Real Estate Association of America
• National Association of Hispanic Realtors

www.MonicaNash.com | Start Your Search Today