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There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU. Interest rates, zoning and tax laws, new ways to market your home and enhance its value... I can help you keep up with all the changes. As a top real estate agent it's my job to stay informed, and to know how to handle every buying or selling situation. Sign up for my periodic real estate newsletter, and I'll keep you up to date. It is free and without obligation...
Financing Your Home >Your Mortgage
Many homeowners overlook the mortgage payment as a tool for financial management. They get the mortgage, move in, make the payments, and pay off the loan eventually. Smart homeowners know that by properly adding to their monthly payments, even by a small amount, they can substantially reduce the term of their loan, not to mention the total interest they will pay. In fact, prepaying one full year of a standard mortgage can save thousands of dollars in interest. The key is to do it properly and to find the right lender for whom prepayment is not a problem.
More progressive lenders allow the option to add money to the monthly payment which goes directly to the principal. How much should you add? It's largely a personal decision, and it depends on your cash flow. But be mindful of the fact that the mortgage interest rate is probably the lowest interest loan you will find, so don't short yourself with prepayment only to run up credit card debt!
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| Q |
What makes the structure of the Hoover Dam unusual?
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| A |
The Hoover Dam was built to last 2,000 years, and is constructed of concrete that will not be fully cured for another 500 years. |
 See More Real Estate Trivia > |
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Wayne Ellis
F.C. Tucker Emge Realtors
7820 Eagle Crest Blvd. Suite 200
Evansville, IN 47715
812-479-0801
Fax: 812-474-2111
Wayne@WayneEllis.com
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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- NUMBER1EXPERT 
