We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies.More info
Beach Properties Real Estate Group, LLCBeach Properties Real Estate Group, LLC
  • Buy
  • Sell
  • About Us
  • Arazzo
Contact Us

About

  • Our Blog
  • Our Services
  • Our Marketing
  • Client Testimonials
  • Arazzo

Services

    113 Monument Ave., Port St. Joe, FL 32456

    • 850-227-2500
    • [email protected]

    3 Ways To Save $100K On Your Next Port St. Joe Area Home

    Saving $100K on your next home sounds crazy, right? Savings like this can be life-changing and could allow you to do so...

    • Staci Dube
    • October 4th, 2018
    • 2 min read
    Featured Image

    Saving $100K on your next home sounds crazy, right? Savings like this can be life-changing and could allow you to do so much more with your future plans. Believe it or not, with knowledge and a few changes, this could be your reality. 

     

    A strategy that will save you thousands of dollars in interest charges is paying extra on your mortgage monthly.  This can eliminate multiple years off of your home loan.

    Understand that paying down the principal quicker on your home does not decrease your minimum payment each month. However, it will shorten the life of the loan and save you more money than most can save on their own.

    โฌ‡๏ธŽ Here are three ways to save you thousands on your next home โฌ‡๏ธŽ

     

    Increase Your Monthly Checks by One-Twelfth

    Some people do not know this, but the largest part of your early year payments go toward paying interest. If you pay a little extra on your principal now, this will make a significant amount of savings down the road.

     

    The additional 1/12th of your monthly payment will decrease the balance on your current principal and likely avoid some of those interest charges.

    ย 

    Make One Extra Payment Per Year

    If you get an annual bonus or a nice size tax return check, use it to pay one extra mortgage payment each year. You will cut the life of the loan significantly and save thousands in interest.

    ย 

    Pay Half of Your Monthly Payment Bi-Weekly

    This takes a little more effort, but you could authorize an automatic transfer from your checking account to savings account bi-weekly. You will have made 26 half payments, which will become 13 full payments at the end of the year without even realizing it!

     

    Look ๐Ÿ‘€ How Much You Can Save!

    (The table below is an example using $200,000 30-year home loan with an interest rate of 5%)

    Calculate how much you can save on your own mortgage using this mortgage payoff calculator!

    If you have any real estate questions or would like some guidance on getting pre-qualified and finding the right lender, please call or email us today!

    Author Photo
    About the author

    Staci Dube

    Where do you call home?Maine What do you do when youโ€™re not working?Always doing something with my 2 boys and my husband What do you love about your job?The flexibility and the people I work with Whatโ€™s your favorite TV show?Blindspot, The Blacklist Favorite movie?I have a couple: The Green Mile, The Breakfast Club Favorite food?Being from New England, it has to be seafood

    Similar posts like this

    Blog

    Charter Boats in the Cape San Blas, Mexico Beach and Port St. Joe Areas

    Photo from the Port St. Joe Marina The areas around Port St. Joe, Cape San Blas, Indian Pass, Windmark, St. Joe Beach,...

    Read more
    Blog

    5 Key Featuresย That Increase Your Home's Value

    Ask anyone the first rule of real estate and theyโ€™ll likely respond, โ€œlocation, location, location.โ€ Why is that? Location...

    Read more
    Blog

    The Features That Sell a Home in 2023

    What sells a house in 2023? As years change and trends come and go with evolving lifestyles, buyer priorities also fluctuate....

    Read more
    Beach Properties Real Estate Group, LLC

    โ€œCommitted to Your Success!โ€

    113 Monument Ave., Port St. Joe, FL 32456

    113 Monument Ave., Port St. Joe, FL 32456

    850-227-2500
    [email protected]

    Live The Beach Life

    • Search for Homes
    • Meet the Team
    • Client Success Stories
    • Get Your Home's Value
    • Read Our Blog
    • The Buyer Experience
    • Our Marketing Strategy
    • Schedule a Call
    • Mortgage Calculator
    • Port Saint Joe, FL Real Estate
    • Cape San Blas, FL Real Estate
    • Read Our Blog
    Join Our Email List:

    *We respect your inbox. We only send interesting and relevant emails.

    ยฉ 2025

    Privacy Policy
    Powered by