🏡 Save $200,000 on your home!

Buying your first home is exciting, but here’s a tip to save big 👇

💵 If you’re paying back a $400,000 loan at 6.5% interest, adding a little extra to your monthly payments can save you a lot of money.

By paying $100 a day instead of the usual $85, you cut down your interest significantly. This small change can save you nearly $200,000 and shorten your mortgage term by ⏳ 10 years, from 30 years to 20.

This isn’t just about getting out of debt faster; it’s about smart financial management. Paying more upfront now means paying much less later.

✅ If you want to learn more about real estate investing then register for my free rental property webinar through my 🔗link in my bio!

[seanlovesrealestate]

Buying your first home is exciting, but here's a tip to save big 👇

💵 If you're paying back a $400, 000 loan at 6.5% interest, adding a little extra to your monthly payments can save you a lot of money.

By paying $100 a day instead of the usual $85, you cut down your interest significantly. This small change can save you nearly $200, 000 and shorten your mortgage term by ⏳ 10 years, from 30 years to 20.

This isn't just about getting out of debt faster; it's about smart financial management. Paying more upfront now means paying much less later.

✅ If you want to learn more about real estate investing then register for my free rental property webinar through my 🔗link in my bio!

👉 Follow @seanlovesrealestate for more real estate tips!

@seanlovesrealestate
@seanlovesrealestate
@seanlovesrealestate

#homebuying #mortgagetips #financialfreedom #realestateadvice #debtfreeliving #saveoninterest #investinyourfuture #ownyourhomesooner #smartinvesting #buildwealth

[plucas]

You're skipping the most crucial element of this, which is to make sure that you apply any extra payments to the principal. They won't automatically do that. They'll just apply it to the next month's payment, and that will not have the desired effect.

[samsonbecker]

This is why I'm buying a tiny home. To much to get a house nowadays

[sebsworsley]

I think it's great in a age of communication we have people that take seemingly complex things and digest them down to their most applicable and practical form to help educate people. None could've dreamed of the world we live in 200 years ago

[sashasashha]

I've got a loan with a 5.7% interest but the official inflation in my country is 7.4%(actual must twice of that)
There is no way I'm paying anything on early repayment of my mortgage

[xtruezy]

You need to able to AFFORD the home your buying and if your going to be unable to pay it off after at least 25 years dont get that house get cheaper one

[e.t.theextraterristrial]

... Or you could run the numbers and decide whether those savings could be put into an S&P500 index fund to see which option makes more sense.

[ashjensen]

As long as the owner puts that little bit on the principal every month. Not the mortgage total.

[Paullim-zz]

Hey sean, I'm still a kid and how can i be successful in the future? Can you make a short about that, thanks!

[RealityTrailers]

Sometimes it pays to talk to yourself❤

[Eesydu]

Can you please make a video for how and the best way to invest money when you are young?

[NoCantsAllowed]

Why not access a HELOC and pay it off in 5?

[МарияГаврилюк-мф]

This works only if you can't make you money bring you more than the mortgage rate. If you have mortgage rate 2, 7% and your bank gives you 4% interest rate, than it's better to open a saving account

[Hinaiftikhar]

Hey can i have some help i just bought an home for 79, 000, 000PKR so i have to pay 60k pkr every month for 19 years how can i drcrease that to less time with 4% intrest can you help

[ADobbin]

If you can afford to pay the extra needed why would you not just get a 20 year mortgage?

[Eletrictuba]

Hey I'm not that smart but for the start for me was a saving a account and thinking when I get a job to open a 401K account while making investments with low risk investments

[txc_sprite]

As a 15yearsold teen, my brain now is on fire

[SB-uwnz]

At that point i would just buy an old RV and start saving money. When you can afford it, you buy the house and just like that you saved a shipload of money. No loans no rent no monthly payments until i can buy the place all in one sale. I am nobody, but i would advise to never take monthly payments for anything. Buy what you can afford and when you can afford it. Your sleep will sure benefit knowing that you don't have debts;)

[derekb]

Banker: You’re petty clever how’d you know how to do this?

Me: basic math.

[yacoby]

The new human calculator that solved 2528÷31🤯🤯🤯