Imagine a Mortgage Free Lifestyle on Lake Nacimiento!

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Relocating to Lake Nacimiento is a dream for many who love to visit its’ beautiful shores throughout the year.  As a Lake Nacimiento Real Estate agent, I always enjoy seeing those who’ve rented a home in Oak Shores or Heritage Ranch for a vacation getaway find their dream home and decide to buy and settle into life on Lake Nacimiento.  It’s a great investment, but if you’re going to do it, 2013 is a great year to buy!

Oftentimes one of the things that makes buyers leery is thinking about starting up again with a new mortgage payment.  Perhaps you’re nearing the end of the mortgage on your current home and you don’t want to take on the financials of a new purchase.

Well, there’s great news!

Have you considered that you could relocate to Lake Nacimiento mortgage free?  As a Lake Nacimiento Real Estate agent I believe it’s important to weigh out all of your options, and a mortgage free lifestyle seems like the best one!

Of course, it will take some work and planning, but here are three steps to being mortgage free on your new Lake Nacimiento home.

1. Make Extra Mortgage Payments– It may seem insignificant to tack on an extra $100 a month, but over time it can amount to major savings!  Let’s say you have a $200,000 mortgage at an interest rate of 6% on a 30 year mortgage.  Without taxes and insurance, that will amount to around $1,200 a month, which means you’ll be paying a little over $231,000 in interest.  But, paying an extra $100 a month can save almost $50,000 in interest and you can be done with the loan five and a half years early!

2. Refinance Your Mortgage– If you currently live on Lake Nacimiento, refinancing your home or condo could be one of the best ways to cut costs each month or switch to a shorter term loan.  Many people are considering refinancing due to the historically low interest rates we’ve seen over the past few years, which is great if your goal is to reduce monthly payments.

However, refinancing can also mean switching out your current 30-year mortgage to a 15-year loan.  While you will be paying a little more each month, you’ll find yourself mortgage free much sooner!

3. Downsize in Your Lake Nacimiento Home– We all love to have our own space and a home that allows for hosting gatherings and guests.  But, do you need the same amount of space as you did earlier in life?  While you do want to account for friends and family that will want to come visit you on Lake Nacimiento; you won’t need a lot of extra space such as a formal dining room or a formal living room.  Downsizing can allow you to find a less expensive home and, if you are selling your current home to relocate to Lake Nacimiento, you could potentially make an all cash offer!

I hope these tips get you excited about the possibility of being mortgage free in your Lake Nacimiento home!  2013 is already seeing great improvement in the national housing market, which will make it easier to sell your current home and buy a home in Oak Shores or Heritage Ranch this year.

I’m always available to answer any questions you may have about buying a Lake Nacimiento home or living on its’ shores.

I hope to hear from you soon!


Grace Borzini
Your Local Lake Nacimiento Real Estate Expert
Oak Shores Realty

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Oak Shores Realty specializes in Oak Shores at Lake Nacimiento properties. Please contact us today to get more information on Lake Nacimiento lake homes. Oak Shores Realty can also provide you an insiders “Lake Nacimiento Buying Guide” with great information including maps and market information.

Please let us know how we can help!






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