to Think Twice Before Paying off Your Mortgage Too Quickly
of the financial advice out there is focused on how you can pay off the
mortgage on your Rockwall home as quickly as possible, from making lump sum
payments to switching to fortnightly payments rather than monthly. However,
there are a few things that you might want to consider before you put all of
your financial efforts into paying off your mortgage as quickly as possible. Diversifying your InvestmentsOf
course, paying off your mortgage as fast as possible has a number of obvious
advantages. You will be able to own your home a lot sooner and you will
decrease the amount of interest you pay over the years. However, are you diversifying your assets? Savvy
investors know that they should decrease their risk by spreading their money
into a number of different types of assets and investments so that they don’t
have “all their eggs in one basket.” If you have extra money and you want to
invest it, you might want to make sure that you have a variety of investments
including savings, stocks and bonds, rather than just investment in your home. Liquid AssetsAnother
thing to consider is that having your money invested in your home means that it
will not be a very liquid asset. If you needed the cash right away, you could
have to sell your home or take out a home equity loan, which is a complex and
time consuming process. Before investing all of your money in your mortgage,
consider creating an emergency fund
as well so that you have some easily accessible money when you need it. Earning More With Better
investing all of your money in your mortgage, find out whether you would be
able to earn more by investing it into other opportunities such as
interest-bearing bonds. Sometimes stocks, bonds and mutual funds have better
returns over time than the typical mortgage interest rates.
paying off your mortgage as quickly as possible is the best option for you.
However, make sure that you consider all of the factors before committing to
Lisa Cardillo with JP and Associates REALTORS today to schedule your personal
appointment. Lisa Cardillo specializes
in residential real estate in Wylie, Sachse, Rowlett as well as the surrounding
Texas communities. Want a
faster sale at a higher price? Let my education, experience and advanced
marketing techniques benefit you in the sale of your home.
JP And Associates REALTORS (JPAR) is one of the top 100 independently owned brokerages in the US. A full service real estate brokerage firm specializing in real estate sales and marketing services with multiple offices across the US and expanding quickly. JPAR is also one of Real Trends top 500 Brokerages in the US for volume and sales and in the top 1% in the US for sales.
Our mission is to provide extraordinary services and exceed our clients’ expectations by always committing to the highest levels of professionalism, ethics and standards in the real estate industry.
JP and Associates REALTORS is a real estate company with a solid structure and foundation built around service and productivity. We believe in providing a fun and rewarding environment for all our REALTORS® and therefore always ready to support our REALTORs® Associates in any market and in any condition. All our REALTORs® will always strive to close more transactions in a given year than the average REALTOR®. Our goal is to recruit and retain the most professional, better trained REALTORs Associates in the local market.
If you are interested in a new career in real estate or already have a real estate license but wish to learn more about our company please contact us directly to set up an interview. We offer our agents a 100% commission plan, company leads, training and mentoring and coaching from TOP Producers with no office, desk fees or monthly marketing fees ever. We are a full service brokerage at a transaction fee cost.
At JP And Associates REALTORS we strive to exceed our Clients AND our Associates expectations.
General Inquiries: firstname.lastname@example.org
Office Number: 1 (800) 683-5651
Texas Real Estate Commission Consumer Protection Notice
#1)The Shops at Clearfork Neiman Marcus has already opene
"I highly recommend Chris Laghezza as a real estate agent for the DFW metroplex. As a first time home buyer, Chris truly went above and beyond my expectations. From our very first phone conversation, Chris listened to my needs, my desired locations, my home "wish list" and budget. He helped me understand exactly what to expect during the home buying process, as well as important details to pay attention when looking at different properties. Furthermore, I felt that he had my best interests in mind at all times. Throughout the entire process, Chris was extremely professional, responsive, and available. In my opinion, Chris treats his clients as he would a member of his own family. I am very happy with my new home, and would recommend Chris Laghezza without hesitation. In the event I am in need of a realtor in the future, Chris will have my repeat business! 01/25/2016