Top Three Tips to Own Your Home Sooner By Paying Off Your Home Loan

Hello Sahabat LoanPlafon.id, are you dreaming of owning your own home? Of course, you are. There is nothing like the feeling of walking into a house that you own and knowing that it is your sanctuary, your haven, your place of peace and quiet. However, the prospect of owning your home might feel far-fetched when you do not have enough money to pay for it. In most cases, people take out loans to buy homes, and this could be a long-term liability that leaves your head spinning and your pockets empty. But there are ways you can pay off that home loan and own your home sooner. In this article, we’ll be sharing the top three tips to own your home sooner by paying off your home loan.

The First Step: Plan Ahead

If you are serious about owning your home, your first step should be to create a realistic plan and timeline. Owning a property is one of the biggest financial decisions you can make, and it requires careful planning and consideration. Start by defining your goals and your priorities. How much do you want to borrow, and how long will it take you to pay it off? What is your monthly budget, and how much of it can you allocate towards your home loan? Consider the interest rate, the length of the mortgage, and the costs associated with homeownership, like utility bills, repairs, and property taxes.

Remember that your plan should account for unforeseen circumstances. Unexpected events could quickly derail your plans, and you need to be prepared to handle them. That’s why it’s important to build an emergency savings fund and create a contingency plan in case of job loss or other financial shocks.

The Second Step: Make Extra Payments

Once you have a plan in place, you need to start making extra payments towards your mortgage. The more payments you make, the faster you will pay off your loan, and the less interest you will owe over time. Making extra payments can also help you build equity in your home, which is the difference between what your home is worth and what you owe on it.

Making extra payments could mean a variety of things. You could round up your payments to the nearest hundred or thousand, or you could make an extra payment each year. If you receive a bonus or unexpected windfall, consider putting that money towards your mortgage. You could also consider refinancing your mortgage to a shorter term, which would require higher payments but would help you pay off your loan sooner.

The Third Step: Reduce Your Expenses

Another way to pay off your mortgage faster is to reduce your expenses. This might mean cutting back on discretionary spending, like eating out, shopping, or entertainment. It could also mean downsizing your home, if you can afford to do so. If you are able to save money on your monthly expenses, you can put that money towards your mortgage payments and pay off your loan faster.

Reducing your expenses could also mean finding ways to save on your mortgage. Refinancing your mortgage to a lower interest rate could save you thousands of dollars over the life of your loan. You could also consider making bi-weekly payments instead of monthly payments, which could reduce your interest charges and help you pay off your loan sooner.


Owning your home is a dream for many, but it doesn’t have to remain a dream if you take the right steps. By planning ahead, making extra payments, and reducing your expenses, you can pay off your mortgage faster and own your home sooner. Remember to be patient, consistent and committed to your plan, and in no time, you will achieve your goal of owning your home.

So Sahabat LoanPlafon.id, if you are looking to own your own home, start your journey today by creating a plan and taking action. Homeownership is within your reach, and with the right mindset and actions, you can make it a reality.

Until next time, jumpa di artikel menarik lainnya!

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