you invest in a savings account, youâ€™ll make less than 1% and would have to pay
income tax on the earnings. On the other hand, contribute something extra to
your house payment and youâ€™ll earn at the mortgage interest rate which is
certain to be more than you are earning in the bank.
additional principal contributions on your mortgage will save interest, build
equity and shorten the term. An extra $100 a month in the example shown will
save thousands in interest and shorten the term of the mortgage as well.
your cost of housing is another way to improve the investment in your home.
Becoming debt free is a worthy goal that is achieved with discipline and good
decisions. Suggestions like this are part of my commitment to help people be
better homeowners when they buy, sell and all the years in between.
out what would happen if you were to make additional payments on your
a Residential Finance Consultant, I have the training and experience to provide
solutions to make homes more marketable and help structure favorable
transactions. Please forward this article to your friends or family who
could benefit from it.
Buying or selling a home is easily the single most important and costly transaction you'll ever make. That's why you deserve a real estate professional who will take the time to listen to your needs and work hard on your behalf. I have the experience and connections to find homes that suit your criteria, spot potential problems and negotiate skillfully. If you're selling an existing home, I can help maximize your property's value and create a marketing plan to sell your home.
"It's tangible, it's solid, it's beautiful. It's artistic, from my standpoint, and I just love real estate." ~ Donald Trump