Post Tagged with: "Loans"

3 Daily Habits That Can Help You Pay Off a Mortgage Faster

April 28, 2018 at 1:00 am Comments are Disabled

Mortgage loan agreement application with house shaped key chainIf you’re getting a mortgage, you should also plan on how to pay it off faster, so you can enjoy the fruits of your hard work in no time. Here are some habits that you can embrace daily to become a homeowner faster.

City Creek Mortgage notes that these habits can also help you save money in the long run.

Bring your own lunch

Do you know that an average American spends about $20 weekly for lunch outside the office? That’s over $1,000 a year. Imagine just how much you can save if you bring your own lunch to work. Of course, it’s an extra task for you, but the rewards are worth it. It’s healthier for your body and your financial well-being.

Invest in a coffee maker

If you’re a coffee lover, then you probably get your java fix at your favorite local café or food cart. Do you now that your daily Americano can cost you about $13 a week at $2.62 per cup? Chances are, you probably buy more than two cups of Americano a day.

But what about those fancy coffee? These can add up. If you invest in a good quality coffee maker, it won’t cost you that much in the long run and you get to drink your coffee in your favorite mug as well.

Bring your own water bottle

On average, a person spends about $100 on water bottles every year. That’s too much money spent on something that can be avoided. Bring your own water bottle and just refill when you need to. Do it for your dream house and for Mother Earth, too.

Experts advise that you make extra payments on your mortgage, so you can pay it off faster. You can do this if you adjust your daily habits to save more money. Be smart about the daily habits that cost you a fortune.