Should Avoid Paying Off Your Mortgage Early?

Deciding not to pay off ahead on your mortgage can be a decision made because you want to divert your cash to another investment. If you have an investment that is certain to yield interest or because you have a certain way you have planned your finances, paying the full mortgage earlier than due has no place on that list. 

Deciding to pay off or not to pay off early most times is an option because of inheritance proceeds, or life insurance proceeds. If you are in a fix about this decision, here are the reasons why you should not pay off your mortgage early.

Eliminates tax benefits

Owing on a mortgage with interest reduces your tax liability. Deciding to settle your mortgage payment will eliminate all tax deduction benefits. Taking advantage of these tax benefits as a borrower reduces your income on which tax is due and sometimes increases funds available for use.Higher return on investment If there is a guarantee that an investment will pay high interest, why would you want to tie down your money on a mortgage payment? Having other investments aside from your mortgage property is a smart decision to make, as multiple investments may yield more profit and, are a guaranteed way of having multiple streams of income.

For liquidity purposes

Some individuals always like access to cash at any time. For such people, the decision to pay off a mortgage early would only come after they have made all other payments including other investments. For people who value liquidity over an investment, it’s advisable to keep the mortgage as that might be a better option for giving them more cash on hand. 

You might have other debts

In this present generation, there is a lot of other debt to worry about aside from your mortgage. These other debts are some of which you incur from your daily living expenses and are more pressing to settle than your mortgage. Debts like your car loan typically have a higher interest rate than your mortgage and are not deductible from income tax. School loans, credit cards, home equity credit are all debts that should be paid off first before you consider early mortgage payment.

When you do not have an emergency fund

Having an emergency fund that can cover you for at least 12 months is crucial if you are considering paying off your mortgage. You do not want to put all your money on your property and later begin to ask for a home equity loan when unforeseen situations arise. 

Paying off your mortgage is a reasonable decision to make, but do not do it in such a way that leaves you financially crippled. 

Talk to your financial advisor about what works best in your situation for your financial future.

Is Your House a Must-Buy?

Your ultimate goal as a home seller is to make your residence as desirable as possible to potential buyers. If you transform your house into a must-buy, you could reap the benefits of a quick, profitable home selling experience.

To better understand how to enhance your residence before you list it, let’s take a look at three tips to help you transform your home into a must-buy.

1. Upgrade Your House’s Interior

Consider how buyers may perceive your residence as soon as they walk through your house’s front door. Then, you can prioritize home interior upgrades.

By cleaning each room of your house, you can enhance your residence’s interior. If you need help with home cleaning, you can always hire professionals to assist you, too.

Also, it may be beneficial to add a fresh coat of paint to the walls in your bedroom or other areas of your house. Because if you can make it easy for buyers to fall in love with your home’s interior, you could speed up the property selling journey.

2. Perform Home Exterior Repairs

Curb appeal may play a key role in your home selling experience. If you residence boasts outstanding curb appeal, you may be able to differentiate your home from other available houses in your city or town.

To improve your residence’s curb appeal, you may want to repair or replace any damaged home siding. In addition, mow the lawn and trim the hedges, and you can show off the true beauty of your house’s lawn.

You may want to remove any lawn ornaments or decorations from outside your house as well. That way, buyers may be better equipped than ever before to envision what life may be like if they purchase your residence.

3. Eliminate Clutter

Clutter may fill up various rooms throughout your home. If you want to achieve the best-possible home selling results, now may be a great time to eliminate as much clutter as you can.

If you have items you no longer need, you can always sell these items or give them to friends, family members or local charities. On the other hand, if you have assorted personal belongings you want to keep outside your house, you can rent a storage unit.

As you get set to embark on the house selling journey, you may want to hire a real estate agent. With a real estate agent at your side, you can transform your residence into a must-buy in no time at all.

A real estate agent understands all aspects of the home selling journey. He or she will offer tips and recommendations to help you promote your residence to dozens of prospective buyers. Plus, a real estate agent is ready to respond to any of your home selling concerns and questions.

Allocate time and resources to upgrade your home, and you could generate lots of interest in your residence as soon as you list it.

6 Fun Family Activities

Family bonding moments are precious and something you should take for granted. They are essential to developing lasting memories with your children before they move into those stubborn teenage years. Getting kids to take part in activities can sometimes overwhelm, but it’s much easier when it suits their interests. Here are a few fun projects to do with kids and enjoy the best family moments.

  1. Decorate a cake Baking is one of the fun things to do with kids and other members of the family. Don’t worry about your baking expertise, buy a book with the right instructions and get started. The fun increases when it’s time to decorate the cake. Allow the kids to get creative no matter how disorganized the decoration looks. The aim of this activity is not to make a picture-perfect cake but to bond and share laughter.
  2. Crafts Crafts are a popular choice among parents because kids seem to get so interested in creating something. The materials you would need are always simple and depend on the crafts you want to create. Look for ideas at your local craft store or even take a course together. You can stimulate young DIY-ers by participating in a weekend class at your local hardware store.
  3. Board games Playing board games is something everyone in the family can enjoy. A game of Scrabble or Monopoly not only provides bonding moments and memories, but it also teaches children teamwork, problem-solving, and decision making. The children’s attention span for board games may be short, so keep them interested with the promise of a reward.
  4. Look at the stars at night Simple, yet enchanting and beautiful, stargazing is a great bonding time. Set out a few minutes after dinner to sit in the yard or lay on the grass and see the stars. It is an excellent time to tell stories, share experiences, and take in some fresh air. Make it a part of the family schedule periodically.
  5. Movie night Watching movies together never gets old so long as you watch something that everybody loves. You can try classic films or recent ones that the entire family will excitedly anticipate. Take turns giving each family member the opportunity to choose the video of the week.
  6. Plan a treasure hunt A treasure hunt shouldn’t be a cliché or a predictable game. With older kids, you can step up your game to suit them. Make treasure hunts an exciting family affair with a worthwhile treasure. Create a challenge and don’t make it too easy.

Waste no more time in creating bonding moments with your family. To make great memories in your neighborhood, invite your neighbors to join you, especially if you’re new to the community.

Living That Nocturnal Lifestyle

In today’s world, a more significant number of people work non-standard schedules. These new schedules can be anything from weekends and early mornings to completely nocturnal. Most alternative lifestyles are easy to plan for and work well with standard home designs, but overnight living requires some extra design work and planning. This article contains some tips to make your backward schedule easier on your body and your daytime family if you have one. 

Design Ideas to Help You Sleep

One of the first things you need to do is invest in full-coverage blackout curtains and curtain rods. Full coverage curtain rods curve around the outside of the window instead of just going straight across. This allows the curtain to wrap around the window and touch the wall on both sides, blocking the majority of the light from outside. You can improve the ability to hinder light even further by attaching snaps or Velcro to the edges of the curtains and the wall and securing the curtain flat along the sides of the window. Getting the right curtains is necessary. You can double up on usefulness by getting insulated blackout curtains that block both light and temperature, helping keep your cooling and heating costs down.

Keeping Up the Sleep Cycle

It’s essential to have clear “going to bed” and “waking up” routines that you use every day to keep yourself on track. Doing the same activities each morning before you go to sleep will help create and maintain habits in your brain, telling it that its time to increase your natural melatonin levels. In the evening when you wake up, having a similar waking up routine can help your brain increase your cortisol or “wake-up hormone” levels. 

You can manage your sleep and waking hormones artificially as needed, especially if your schedule changes regularly, by using taking low doses of melatonin 1-2 hours before you want to go to sleep. Taking a dose of melatonin tells your body its time to start producing it. Between the synthetic melatonin and your body’s natural production, you can manage your own sleep cycle and switch it up as needed by just changing what time you take the melatonin.

Maintaining Relationships and Health

It’s critical to ensure that if you have daytime family members or other relationships, you are awake for at least some daytime hours to maintain those relationships. This is where artificially adjusting your sleep schedule really comes in handy. It’s also necessary to keep your Vitamin D levels high enough. One of the riskiest parts of being an overnight worker is that you don’t get enough sunlight to create enough Vitamin D for your body. You can efficiently resolve this by ensuring you take high doses of Vitamin D regularly. If you are concerned about taking high dose vitamins without the input of a doctor, you can get exactly the right amount by asking your healthcare professional for a blood test to determine your current levels.

Shopping for the right home to support your overnight lifestyle can be tricky. Make sure to let your real estate agent know about your overnight needs to get the best property for your lifestyle.